Cotton

Cotton futures are 6 to 29 points higher at midday. The CFTC commitment of Traders report showed managed money lowering their net long position by 14,489 contracts during the week that ended 2/6. The position in cotton futures and options was at 81,887 contracts on that date. The USDA Adjusted World Price or AWP was updated to 69.45 cents/lb Thursday morning, which was down 195 points from the previous week. The Cotlook A index on February 9 was 87.40 cents/lb, up 70 points from the previous day. The NCC grower survey released on Saturday anticipates a 3.7% increase in US all cotton acreage in 2018.

Mar 18 Cotton is at 76.97, up 29 points,

May 18 Cotton is at 77.7, up 7 points

Jul 18 Cotton is at 78.64, up 6 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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


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.