Cotton

Cotton futures finished Tuesday with most contracts 6 to 60 cents in the red. Texas was well ahead of its average pace for cotton harvest, at 18% harvested, dragging the national average higher. 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 closed at 69.980, down 43 points,

Dec 17 Cotton closed at 69.270, down 23 points

May 18 Cotton closed at 68.770, down 54 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

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