Cotton

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
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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