Cotton Market Up Overnight

Cotton continued Wednesday’s gains with prices up another 19 to 34 points overnight. For the third trade day of August, front month cotton futures closed in the black. Futures ended the Wednesday session with gains of 37 to 45 points. The S&P futures are modestly lower this morning. Census data shows US cotton shipments in June were 1.238m bales. The Seam reported another 16,424 bales sold on Tuesday, at an average gross price of 57.23 cents/lb. Certified stocks are firm at 6,800 bales as of August 4. The Cotlook A index was back up by 80 points to 70.35 cents/lb. The AWP for cotton is 47.71 cents/lb, and the LDP is 4.29 cents/lb. Both updated after the close.




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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