Cotton

Cotton futures are mixed with nearby Dec up 5 points and back months lower at midday. A large unpriced on call position is capturing attention. The afternoon Crop Progress report showed the US cotton harvest picking up during the week ending Sunday, at 74% complete. Data from TX shows 67% of the crop is harvested, improving well over the average of 60%, as GA is 78% complete vs. the average of 74%. Online cash cotton sales reported by The Seam increased to 29,988 bales, with prices improving 156 points to 68.84 cents/lb. The Cotlook A index for November 20 was 25 points higher to 80.05 cents/lb.

Dec 17 Cotton is at 71.42, up 5 points,

Mar 18 Cotton is at 70.67, down 18 points

May 18 Cotton is at 71.48, down 13 points

Jul 18 Cotton is at 71.850, down 12 points




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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