Cotton

Cotton futures are mixed at the moment, with Dec 13 points higher, and most other nearby contracts lower. The dollar is weaker this morning after North Korea threatened to detonate a hydrogen bomb over the Pacific. Total export commitments are now 43.5% larger than last year at this time. The USDA updated their AWP to 60.91 cents/lb, down 236 points from the previous week. The Cotlook A index for September 21 was up 15 points from the previous day at 79.50 cents/lb. China sold another 25,900 MT of cotton in Thursday’s auction of state reserves that saw 26,800 MT offered.

Oct 17 Cotton is at 68.95, down 9 points,

Dec 17 Cotton is at 68.38, up 13 points

Mar 18 Cotton is at 67.5, down 8 points

May 18 Cotton is at 68.110, down 6 points




Market Commentary provided by:

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