Cotton

Cotton futures are 27 to 42 points lower on profit taking ahead of the weekend. They were 48 to 151 points higher on Thursday. All upland cotton export shipments were at a MY high of 246,763 RB for the week ending November 30, which was more than double last week and 7.44% larger than last year. Total commitments of upland cotton slipped 5.3% from last week, as they are now 35.4% larger than this week in 2016. They are still well above the normal pace at 73% of the WASDE projection vs. the average of 60% for this date. The USDA Adjusted World Price (AWP) was updated to 65.03 cents/lb, up 81 point from the previous week. Online cash sales rose to 22,987 bales reported on the Seam, as prices dropped 20 points to 69.26 cents/lb. The Cotlook A index was unchanged from the previous day on December 6 to 82.95 cents/lb.




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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