Cotton

Cotton futures are feeling a little pressure from the US dollar at midday, as most contracts are 15 to 43 points lower. All upland cotton 17/18 export sales of 161,013 RB were reported for the week ending 9/28 in this morning’s USDA report. That was 1.35% above this time last year but 17.09% below the previous week. Sales for 2018/19 came in at 28,600 RB, all for Pakistan. The USDA AWP will be updated later today, as the current price is 60.55 cents/lb. The Cotlook A index for October 4 was down 10 points from the previous day at 77.60 cents/lb. They project the US to total 39% of the world trade activity, with 14.2 million bales of the 36.4 total.

Dec 17 Cotton is at 68.37, down 43 points

Mar 18 Cotton is at 67.72, down 19 points

May 18 Cotton is at 68.470, down 15 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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