Cotton futures were mixed on Thursday, with nearby Oct down 20 points. Thursday’s morning’s USDA Export Sales report indicated a MY low in weekly 17/18 sales of all upland cotton. There were 65,216 RB of old crop upland cotton sold during the week of Sep 9, with 26,400 RB of new crop sales reported to Pakistan. Export shipments also came in at a MY low at 108,523 RB, 13.11% behind last year. The Cotton AWP was updated to 63.27 cents/lb, down 86 points from the previous week. The Cotlook A index for September 13 was 300 points lower at 79.1 cents/lb. At their daily auction of state reserves, China sold 22,500 MT of the 27,800 MT of cotton offered.

Oct 17 Cotton closed at 69.780, down 20 points,

Dec 17 Cotton closed at 69.120, up 3 points

May 18 Cotton closed at 69.090, down 12 points

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.