Cotton

Cotton futures settled with 20 to 102 point gains, as nearby Dec was down 16 points following a jump on Tuesday. The US dollar was supportive to those back months, as it was down 674 points. Friday’s Export Sales report is expected to show good sales numbers, though down from last week’s “best of year” 507,700 RB of Upland sales. Online cash cotton sales on Tuesday reported by The Seam were trimmed to 18,290 bales, with prices dropping 132 points to 67.52 cents/lb. The Cotlook A index for November 21 was 145 points higher to 81.50 cents/lb. The biweekly Cotton Ginnings report will be released Friday morning at 11:00 a.m. CST.

Dec 17 Cotton closed at 70.740, down 16 points,

Mar 18 Cotton closed at 71.140, up 100 points

Jul 18 Cotton closed at 72.440, up 101 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
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