Cotton

Cotton futures fell 31 to 61 points in most contracts on Monday, as thinly traded Dec was 8 points lower. As of Sunday, the US cotton crop was 79% harvested, per USDA. That is a move of just 5% over that week, falling behind the average of 80%. Total commitments of upland cotton exports are now 70% of the full year USDA estimate. The average for this time of year is 55%, with last year running 48%. The Monday afternoon COT report showed spec funds in cotton futures and options adding 10,023 contracts to their net long position of 52,051 contracts as of last Tuesday. The Cotlook A index was unchanged from the previous day points to 81.60 cents/lb on November 24.

Dec 17 Cotton closed at 72.150, down 8 points,

Mar 18 Cotton closed at 71.420, down 51 points

Jul 18 Cotton closed at 72.670, down 61 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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