Cotton futures are currently 28 to 35 points lower in most contracts at midday. Shipments of upland cotton were 148,200 RB, lagging this time last year by 29.5% and 11.03% lower than last year. Total commitments are now 32.8% larger than this time in 2016. They are now 76% of the USDA export projection, well above last year’s 57% and the average of 63%. The USDA Adjusted World Price was updated to 68 cents/lb, 205 points higher than the previous week. The Cotlook A index was 75 points higher from the day prior on December 21 to 86.50 cents/lb.

Mar 18 Cotton is at 77.66, down 28 points,

May 18 Cotton is at 77.61, down 35 points

Jul 18 Cotton is at 77.85, down 32 points

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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