Cotton

Cotton futures are mixed with the nearby contracts 16 to 33 points higher. Export sales of upland cotton came in at 186,579 RB during the week of Nov 30. That was down 32.52% from the previous week and 53.96% lower that this time last year. China was shown to have a net reduction of 39,700 RB, while Pakistan purchased 50,400 RB. The USDA also reported 50,368 RB in 2018/19 sales. The USDA Adjusted World Price (AWP) was updated to 65.03 cents/lb, up 81 point from the previous week. During October, the US shipped 97,302 MT of cotton for export. That was a drop of 21.5% from the previous month and 22.5% lower than last October. Online cash sales rose to 22,987 bales reported on the Seam, as prices dropped 20 points to 69.26 cents/lb. The Cotlook A index was unchanged from the previous day on December 6 to 82.95 cents/lb.

Mar 18 Cotton is at 73.05, up 33 points,

May 18 Cotton is at 73.55, up 16 points

Jul 18 Cotton is at 73.76, down 4 points




Market Commentary provided by:

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