Cotton futures are 30 to 38 points higher on Tuesday. The US cotton harvest was 17% complete as of Sunday, with TX at 22% and GA 11% harvested both ahead of their averages. The Crop Progress report also showed 67% of the crop with bolls opening. The Brugler500 index dropped conditions to 349, down 8 points from the previous week. LA was down 25 points over the week, with TX falling 17 points and MS down 12. The Cotlook A index for October 2 was down 50 points from the previous day at 78.55 cents/lb. The ICAC lowered their world cotton production number slightly to 25.14 MMT, as ending stocks were down 140,000 MT to 18.56 MMT.

Dec 17 Cotton is at 67.95, up 38 points

Mar 18 Cotton is at 67.32, up 30 points

May 18 Cotton is at 68.010, up 30 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.