Cotton futures are steady to 10 higher this morning after they posted losses of 11 to 53 points in most contracts on Thursday. Weekly export shipments fell to 114,942 RB, 12.85% lower than a week ago and lagging this week in 2016 by 45.92%. Total export commitments are now 43.4% above this week last year. Compared to the USDA full year projections for exports, commitments are 53% complete, with the average at 43% and last year at 37%. Exports could be slowed this week by Tropical Storm Nate, expected to hit LA or MS on Saturday night or Sunday morning. The USDA AWP is 60.04 cents/lb. through next Thursday. The Cotlook A index for October 4 was down 10 points from the previous day at 77.60 cents/lb.

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.