Cotton

Cotton futures are trading 8 to 26 points higher this morning after they settled Thursday with most contracts 11 to 40 points in the green. The US dollar indices are weaker. Weekly upland export sales of 506,668 RB were the largest weekly total since late January of 2015 and 146% above the previous week. Export shipments of upland cotton fell 24.21% from last week to 94,207 RB. Total export commitments of upland cotton are now 40.9% larger than this time in 2016. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 point lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,652 bales, with prices down 5 points to 66.70 cents/lb. The Cotlook A index for November 14 was 25 points lower to 79.35 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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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