Cotton Market Commentary

Cotton futures are trading 4 to 71 points lower this Turnaround Tuesday morning, with thin October the only contract close to UNCH. They were mostly 167 to 186 points higher on Monday due to concerns about storm damage from Hurricane Florence. Forecasts for Florence are calling for the hurricane to hit NC Thursday night or early Friday morning as a Cat 3 or 4 hurricane. USDA shows 6.79% of the total estimated 2018 harvested cotton acres are in the Carolinas. Virginia will also be impacted. USDA is delaying the release of the weekly Crop Progress report until noon EDT today due to technical issues. The Cotlook A index was down 55 points from the previous day at 91.00 cents/lb on September 7. The USDA weekly AWP was updated to 73.77 cents/lb, down 49 points from the previous week.

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

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.