Cotton

Cotton futures are steady to 48 points lower in the nearby contracts on Tuesday. As of Sunday, the US cotton crop had 44% of the bolls opening. NASS indicated 11% of the crop was harvested, vs. 6% average. Texas was well ahead of its average pace, at 18% harvested. US condition ratings were down 2% to 61% gd/ex, as the Brugler500 was 7 points lower at 358. Georgia ratings were down a steep 66 points on the Brugler500 scale in the week following Hurricane Irma, dropping to 307. Arkansas, Louisiana and South Carolina were the only other states to report lower conditions. The Cotlook A index for September 18 was down 20 points from the previous day at 78.9 cents/lb. China sold another 26,000 MT of cotton in Tuesday’s auction of state reserves that saw 27,100 MT offered.

Oct 17 Cotton is at 70.41, unch,

Dec 17 Cotton is at 69.34, down 16 points

Mar 18 Cotton is at 68.42, down 48 points

May 18 Cotton is at 68.900, down 41 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.