Cotton

Cotton futures were 35 to 88 points lower on Monday, as the US dollar was 557 points higher. The US cotton harvest was reported at 17% complete as of Sunday, compared to the average of 13%. The Crop Progress report also showed 67% of the crop with bolls opening. Condition ratings fell 3% in gd/ex ratings to 57%. That put the Brugler500 index at 349, down 8 points from the previous week. The USDA AWP was updated to 60.55 cents/lb through next Thursday, 36 points lower than the previous week. The Cotlook A index for September 29 was up 25 points from the previous day at 79.05 cents/lb.

Oct 17 Cotton closed at 68.200, down 88 points,

Dec 17 Cotton closed at 67.570, down 88 points

May 18 Cotton closed at 67.710, down 64 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
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