Cotton

Cotton futures are 13 to as much as 53 points higher after posting some triple digit gains in the front months on Wednesday. The Cotlook A index for October 3 was down 85 points from the previous day at 77.70 cents/lb. The Seam showed online cash sale at 3,083 bales on Tuesday, with prices averaging 66.64 cents/lb. ICAC foresees further reductions in Chinese stocks, while world ex-China inventory expands. World mill use is expected to grow modestly in a lower price environment. They project the US to total 39% of the world trade activity, with 14.2 million bales of the 36.4 total.




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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

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.