AgriCharts Market Commentary

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Cotton

Cotton futures finished the day 41 to 87 points in the green. Upland cotton sales totaled 275,060 RB in this morning’s USDA Export Sales report. That was slightly above last week but 20.62% below this week last year. There were also 104,632 RB in new crop sales, which is the largest new crop sales total this MY. Exports of upland cotton were tallied at 289,866 RB, a MY high. A majority of those shipments were to China at 100,000 RB. CFTC data on Friday showed Managed money adding 4,216 contracts to their net long position as of Tuesday to 108,778 contracts. The USDA Adjusted World Price (AWP) announced Thursday was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was up 75 points from the previous day at 92.85 cents/lb.

Mar 18 Cotton closed at 83.420, up 79 points,

May 18 Cotton closed at 83.790, up 80 points

Jul 18 Cotton closed at 84.230, up 87 points

Cotton

Cotton futures are 68 to 72 points higher on Friday. Upland cotton sales totaled 275,060 RB in this morning’s USDA Export Sales report. That was slightly above last week but 20.62% below this week last year. There was also 104,632 RB in new crop sales, which is the largest new crop sales total this MY. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP) announced Thursday was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was up 75 points from the previous day at 92.85 cents/lb.

Mar 18 Cotton is at 83.35, up 72 points,

May 18 Cotton is at 83.7, up 71 points

Jul 18 Cotton is at 84.04, up 68 points

Cotton

Cotton futures are trading 38 to 44 cents in the green at the moment. They closed Thursday with most contracts steady to 76 points higher, as support came from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP) announced Thursday was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.

Cotton

Cotton futures closed the day with most contracts steady to 76 points higher, as support came from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. The weekly Export Sales report will be delayed until Friday due to Monday’s Holiday. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP) was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.

Mar 18 Cotton closed at 82.630, up 49 points,

May 18 Cotton closed at 82.990, up 60 points

Jul 18 Cotton closed at 83.360, up 76 points

Cotton

Cotton futures are trading 60 to 68 points higher on Thursday, with support coming from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. The weekly Export Sales report will be delayed until Friday due to Monday’s Holiday. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP), is 71.21 cents/lb, and will be updated later today per usual. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.

Mar 18 Cotton is at 82.74, up 60 points,

May 18 Cotton is at 83.07, up 68 points

Jul 18 Cotton is at 83.26, up 66 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
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