AgriCharts Market Commentary

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Cotton Market News and Commentary

Cotton futures were 20 to 48 points lower in most contracts on Friday. Nearby March was up 1.93% this week. Traders were taking profits ahead of the long weekend, with pressure also from a higher US dollar. The markets will be closed on Monday in observance of Martin Luther King Jr. day. The Cotlook A Index was up 100 points on January 17 to 82.90 cents/lb. USDA showed that 14.949 million bales of upland cotton have been classed as of January 17, with the total including Pima at 15.545 million bales. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

Mar 19 Cotton closed at 73.890, down 48 points,

May 19 Cotton closed at 75.320, down 34 points

Jul 19 Cotton closed at 76.590, down 20 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are trading 5 to 28 points lower in the front months on Friday, with a higher dollar at midday. Traders are taking profits ahead of the long weekend. The markets will be closed on Monday in observance of Martin Luther King Jr. day. The Cotlook A Index was up 100 points on January 17 to 82.90 cents/lb. USDA’s showed that 14.949 million bales of upland cotton have been classed as of January 17, with the total including Pima at 15.545 million bales. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

Mar 19 Cotton is at 74.13, down 24 points,

May 19 Cotton is at 75.55, down 11 points

Jul 19 Cotton is at 76.74, down 5 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are trading 18 to 24 points higher this morning. They ended Thursday with most nearby contracts 108 to 112 points higher. Support came from rumors that the US was considering lifting some tariffs on Chinese imports. Those rumors were not confirmed by the USTR or Treasury. The dollar is slightly weaker. The Cotlook A Index was down 55 points on January 16 to 81.90 cents/lb. With the government now in day 27 of the shutdown, we still don’t have a good grip on how exports have been performing over the past month. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures ended Thursday with most nearby contracts 108 to 112 points higher. Support was from suspected short covering as rumors were floating around that the US considering lifting some Chinese import tariffs. Those rumors were not confirmed by the USTR or Treasury. The Cotlook A Index was down 55 points on January 16 to 81.90 cents/lb. With the government now in day 27 of the shutdown, we still don’t have a good grip on how exports have been performing over the past month. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

Mar 19 Cotton closed at 74.370, up 110 points,

May 19 Cotton closed at 75.660, up 112 points

Jul 19 Cotton closed at 76.790, up 108 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are showing 83 to 95 point gains in most contracts so far on Thursday. Bargain buying is helping to prop up the market, as March is trying to break out of the 250 point trade range since early January. The Cotlook A Index was down 55 points on January 16 to 81.90 cents/lb. With the government now in day 27 of the shutdown, we still don’t have a good grip on how exports have been performing over the past month. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

Mar 19 Cotton is at 74.19, up 92 points,

May 19 Cotton is at 75.49, up 95 points

Jul 19 Cotton is at 76.58, up 87 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