Cotton

Cotton futures are starting the week 7 to 21 points lower after they saw gains of 24 to 77 points on Friday. Nearby March was up a stout 3% last week. The Commitment of Traders report showed the spec traders adding another 7,101 contracts to their net long position in the week ending December 12, taking it up to 89,510 contracts. The USDA Adjusted World Price (AWP) was updated to 65.95 cents/lb, 92 points higher than the previous week. The Cotlook A index was 125 points higher from the day prior on December 14 to 84.70 cents/lb. Online cash sales on the Seam jumped to 32,373 bales, with prices averaging 70.24 cents/lb, up 130 points from the previous day.




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.