Cotton

Cotton futures are showing gains of 13 to 61 points on Monday, despite the US dollar being 305 points higher. CFTC data showed spec traders with a net long position of 70,284 contracts in cotton futures and options contracts as of Tuesday. That was an increase of 14,104 contracts from the previous week and just in time to be hammered by the post-USDA report sell off. The Cotton AWP was updated to 63.27 cents/lb, down 86 points from the previous week. The Cotlook A index for September 15 was unchanged from the previous day at 79.1 cents/lb. China sold another 24,200 MT of cotton in Monday’s auction of state reserves that saw 25,200 MT offered.

Oct 17 Cotton is at 70.74, up 61 points,

Dec 17 Cotton is at 69.2, up 13 points

Mar 18 Cotton is at 68.25, up 26 points

May 18 Cotton is at 68.690, up 21 points




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

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.