Cotton futures were 9 to 20 points lower Wednesday, with pressure coming from the US dollar showing 465 point gains. The USDA Ginnings report showed 788,550 running bales processed thus far in the US, up from 678,850 a year ago. All were in AZ or TX. The Seam reported sales of 2,759 bales with an average price of 67.50 cents/lb. The Cotlook A index for September 26 was up 100 points from the previous day at 79.70 cents/lb. China sold the entire 30,800 MT of cotton in Wednesday’s auction of state reserves.

Oct 17 Cotton closed at 69.280, down 10 points,

Dec 17 Cotton closed at 68.650, down 10 points

May 18 Cotton closed at 68.340, down 9 points

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

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.