Cotton

Cotton futures were 17 to 35 points lower on Monday. The US dollar was 114 points higher at on the day. The US cotton harvest progressed another 10% over the last week and was reported at 64% complete as of Sunday, even with the average pace. Online cash sales reported by The Seam were down to 4,735 bales, as prices fell 16 points to 68.24 cents/lb. The USDA average world price (AWP) was updated to 61.38 cents/lb, 33 points higher than the previous week. The Cotlook A index for November 10 was 25 points lower to 79.35 cents/lb. The Commitment of Traders report showed managed money lowering their net long position by 2,431 contracts. That net position stood at 44,883 contracts for the week that ended 11/7.

Dec 17 Cotton closed at 68.880, down 17 points,

Mar 18 Cotton closed at 68.930, down 21 points

Jul 18 Cotton closed at 70.420, down 15 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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