Cotton

Cotton futures showed slight to 91 point gains on Monday, despite the US dollar being up 142 As of Sunday, the US cotton crop had 44% of the bolls opening, as 11% of the crop was harvested, vs 6% average. US condition ratings were down 2% to 61% gd/ex, as the Brugler500 was 7 points lower at 358. Georgia ratings were down 66 points on the Brugler500 scale in the week following Hurricane Irma, dropping to 307. 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 closed at 70.410, up 28 points,

Dec 17 Cotton closed at 69.500, up 43 points

May 18 Cotton closed at 69.310, up 83 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
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