Cotton

Cotton futures were 68 to 100 points higher on Monday, despite a sharp rise in the US dollar (up 489 points). The US cotton harvest was reported as 14% complete through Sunday, compared to the average of 9%. Ratings came in at 60% gd/ex, down 1% since last week, as the Brugler500 fell 1 to 357. The USDA updated their AWP to 60.91 cents/lb, down 236 points from the previous week. The Cotlook A index for September 22 was down 95 points from the previous day at 78.55 cents/lb. China sold another 29,600 MT of cotton in Monday’s auction of state reserves that saw 30,000 MT offered.

Oct 17 Cotton closed at 70.090, up 100 points,

Dec 17 Cotton closed at 69.460, up 100 points

May 18 Cotton closed at 69.060, up 90 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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