AgriCharts Market Commentary

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Cotton Market Commentary

Cotton futures closed the Tuesday session with most contracts 61 to 65 points in the red. Dec Futures hit the lowest price since mid-February on Tuesday. The dollar was sharply higher on the day. The Cotlook A index was again UNCH from the previous day on Nov 19 at 86.30 cents/lb. The weekly USDA AWP is 68.48 cents/lb, effective through Thursday. Monday’s Crop Progress report showed that Texas still has 53% of the crop in the field, with the normal harvest pace at 56%. The futures markets will be closed on Thursday in observance of Thanksgiving, with Friday being a shortened session.

Dec 18 Cotton closed at 75.270, down 61 points,

Mar 19 Cotton closed at 77.430, down 62 points

May 19 Cotton closed at 78.670, down 65 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are trading 49 to 52 points lower in most contracts on Tuesday. Dec Futures hit the lowest price since mid-February this morning. The dollar is showing solid strength at midday. The Cotlook A index was again UNCH from the previous day on Nov 19 at 86.30 cents/lb. The weekly USDA AWP is 68.48 cents/lb, effective through Thursday. The Crop Progress report showed 59% of the acreage out of the field. That was up 5% from last week but still lags the average pace by 10 percentage points. Arkansas, Louisiana, and Missouri are the closest to being done. Texas still has 53% of the crop in the field, with the normal harvest pace at 56%.

Dec 18 Cotton is at 75.38, down 50 points,

Mar 19 Cotton is at 77.55, down 50 points

May 19 Cotton is at 78.8, down 52 points

Jul 19 Cotton is at 80.000, down 49 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are trading 16 to 24 points lower this morning. They were down 23 to 24 points on Monday. Stock market futures were sharply lower overnight, and the dollar is firmer. The Cotlook A index was UNCH from the previous day on Nov 16 at 86.30 cents/lb. The weekly USDA AWP is 68.48 cents/lb, effective through Thursday. With the Thanksgiving holiday on Thursday, the weekly Export Sales report will again be released on Friday this week. The Crop Progress report was out on the regular schedule, showing 59% of the acreage out of the field. That was up 5% from last week but still lags the average pace by 10 percentage points. Arkansas and Missouri are the closest to being done.

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures were down 23 to 24 points on Monday. The Cotlook A index was UNCH from the previous day on Nov 16 at 86.30 cents/lb. The weekly USDA AWP is 68.48 cents/lb, effective through Thursday. With the Thanksgiving holiday on Thursday, the weekly Export Sales report will again be released on Friday this week. The Crop Progress report was out on the regular schedule, showing 59% of the acreage out of the field. That was up 5% from last week but still lags the average pace by 10 percentage points. Arkansas and Missouri are the closest to being done.

Dec 18 Cotton closed at 75.880, down 24 points,

Mar 19 Cotton closed at 78.050, down 24 points

May 19 Cotton closed at 79.320, down 23 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are down 44 to 51 points at midday, despite a weaker US dollar. The Commitment of Traders report showed spec traders in cotton futures and options cutting 3,363 contracts from their net long position last week. That put it at 40,985 contracts and made it the smallest net long position for that reporting group since August 2017. The Cotlook A index was UNCH from the previous day on Nov 16 at 86.30 cents/lb. The weekly USDA AWP is 68.48 cents/lb, effective through Thursday. With the Thanksgiving holiday on Thursday, the weekly Export Sales report will again be released on Friday this week.

Dec 18 Cotton is at 75.67, down 45 points,

Mar 19 Cotton is at 77.85, down 44 points

May 19 Cotton is at 79.07, down 48 points

Jul 19 Cotton is at 80.200, down 51 points

--provided by Brugler Marketing & Management


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