AgriCharts Market Commentary

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.

Cotton Market News and Commentary

Cotton futures were up 34 to 168 points in the nearby contracts on Thursday, despite a sharply higher dollar. May had its highest close since December 19. The Cotlook A Index was up 50 points on March 19 to 84.65 cents/lb. The USDA Adjusted World Price (AWP) was updated to 65.83 cents/ lb on Thursday, up 173 points from the week prior. The weekly Export Sales report by the USDA this morning showed sales of 124,985 RB for old crop cotton, with new crop at 32,824 RB. Vietnam purchased 84,700 RB for old crop, with China cancelling a net 11,636 RB. China was the lead buyer of new crop at 15,400 RB, with Pakistan at 8,900 RB. Shipments in that week were the second largest this MY at 350,146 RB. The top destination was Pakistan at 79,000 RB, with 36,241 RB headed to China.

May 19 Cotton closed at 77.180, up 168 points,

Jul 19 Cotton closed at 78.030, up 147 points

Oct 19 Cotton closed at 75.920, up 45 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are trading 46 to 56 points higher in most contracts on Thursday, with back months slightly lower. The Cotlook A Index was up 50 points on March 19 to 84.65 cents/lb. The USDA Adjusted World Price (AWP) was updated to 65.83 cents/ lb on Thursday, up 173 points from the week prior. The weekly Export Sales report by the USDA this morning showed sales of 124,985 RB for old crop cotton, with new crop at 32,824 RB. Vietnam purchased 84,700 RB for old crop, with China cancelling a net 11,636 RB. China was the lead buyer of new crop at 15,400 RB, with Pakistan at 8,900 RB.

May 19 Cotton is at 76.06, up 56 points,

Jul 19 Cotton is at 77.02, up 46 points

Dec 19 Cotton is at 74.940, down 5 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are trading 7 to 18 points higher this morning. They settled with the front months 15-16 points lower and deferred contracts lightly higher. A weaker US dollar supported the market yesterday, but the buck is sharply higher following the FOMC meeting. The Cotlook A Index was down 20 points on March 19 to 84.15 cents/lb. The USDA Adjusted World Price (AWP) was updated to 64.10 cents/ lb on Thursday, up 68 points from the week prior. The Federal Reserve left interest rates UNCH on Wednesday, indicating no rate hikes expected for the rest of this year. USDA will release their Export Sales report for the week of March 14 on this morning at 7:30 AM CDT.

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures settled with the front months 15-16 points lower and deferred contracts lightly higher. A weaker US dollar supported the market. The Cotlook A Index was down 20 points on March 19 to 84.15 cents/lb. The USDA Adjusted World Price (AWP) was updated to 64.10 cents/ lb on Thursday, up 68 points from the week prior. The Federal Reserve left interest rates UNCH on Wednesday, indicating no rate hikes expected for the rest of this year. USDA will release their Export Sales report for the week of March 14 on Thursday morning.

May 19 Cotton closed at 75.500, down 15 points,

Jul 19 Cotton closed at 76.560, down 16 points

Oct 19 Cotton closed at 75.470, up 5 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are mixed at midday, with the front months steady to 14 points lower. A weaker US dollar supported the market. The Cotlook A Index was down 20 points on March 19 to 84.15 cents/lb. The USDA Adjusted World Price (AWP) was updated to 64.10 cents/ lb on Thursday, up 68 points from the week prior. The Federal Reserve will make an announcement on interest rates this afternoon, as they are expected to leave them UNCH. USDA will release their Export Sales report for the week of March 14 on Thursday morning.

May 19 Cotton is at 75.51, down 14 points,

Jul 19 Cotton is at 76.59, down 13 points

Oct 19 Cotton is at 75.56, up 14 points

Dec 19 Cotton is at 74.900, unch,

--provided by Brugler Marketing & Management


Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com