AgriCharts Market Commentary

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Cotton Market Commentary

Cotton futures settled with the front months 3 points higher to 26 points lower. Dec was down 2.52% on the week. The dollar was weaker. All upland cotton 18/19 export sales were tallied at 67,593 RB for the week of Nov 8 by the USDA this morning. Pakistani importers purchased 24,500 RB, with Vietnam at 23,300 RB and China cancelling a net 6,970 RB. Sales for 19/20 upland cotton totaled 45,945 RB, with China taking up 22,000 RB of that. Shipments of upland cotton in that week totaled 112,973 RB. This week’s Commitment of Traders report showed spec traders in cotton futures and options cutting 3,363 contracts from their net long position at 40,985 contracts. The Cotlook A index was up 75 points from the previous day at 86.30 cents/lb on Nov 15. The weekly USDA AWP was updated to 68.48 cents/lb, down 138 points from the week prior.

Dec 18 Cotton closed at 76.120, down 13 points,

Mar 19 Cotton closed at 78.290, up 1 point

May 19 Cotton closed at 79.550, up 1 point

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are trading 51 to 67 points higher in most contracts at midday. The dollar is weaker. All upland cotton 18/19 export sales were tallied at 67,593 RB for the week of Nov 8 by the USDA this morning. Pakistan importers purchased 24,500 RB, with Vietnam at 23,300 RB and China cancelling a net 6,970 RB. Sales for 19/20 upland cotton totaled 45,945 RB, with China taking up 22,000 RB of that. The Cotlook A index was up 75 points from the previous day at 86.30 cents/lb on Nov 15. The weekly USDA AWP was updated to 68.48 cents/lb, down 138 points from the week prior.

Dec 18 Cotton is at 76.76, up 51 points,

Mar 19 Cotton is at 78.89, up 61 points

May 19 Cotton is at 80.21, up 67 points

Jul 19 Cotton is at 81.290, up 61 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures were mixed in overnight action and are trading 4 lower to 11 higher this morning. They ended Thursday with most contracts 7 to 14 points in the red. A 281 point bounce in the dollar was a negative influence, and the market is already nervous about slowing export sales. The Cotlook A index was down 50 points from the previous day at 85.55 cents/lb on Nov 14. The weekly USDA AWP was updated to 68.48 cents/lb, down 138 points from the week prior. There were 8,102 bales in new stocks added to the Cert stocks level for delivery against Dec Futures, taking the total to 106,083 bales. First notice day for December cotton deliveries is November 26.

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures closed Thursday with most contracts 7 to 14 points in the red. A 281 point bounce in the dollar provided pressure. USDA will release the weekly Export Sales report at 7:30 a.m. CST on Friday. The Cotlook A index was down 50 points from the previous day at 85.55 cents/lb on Nov 14. The weekly USDA AWP was updated to 68.48 cents/lb, down 138 points from the week prior. There were 8,102 bales in new stocks added to the Cert stocks level for delivery against Dec Futures as of 11/14, taking the total to 106,083 bales. First notice day for December cotton deliveries is November 26.

Dec 18 Cotton closed at 76.250, down 14 points,

Mar 19 Cotton closed at 78.280, down 7 points

May 19 Cotton closed at 79.540, down 9 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are trading marginally higher in the front months at midday. A bounce in the dollar is limiting gains. USDA will release the weekly Export Sales report at 7:30 a.m. CST on Friday. The Cotlook A index was down 50 points from the previous day at 85.55 cents/lb on Nov 14. The weekly USDA AWP was updated to 68.48 cents/lb, down 138 points from the week prior. There was 8,102 bales in new stocks added to the Cert stocks level for delivery against Dec Futures as of 11/14 to 106,083 bales. First notice day for December cotton deliveries is November 26.

Dec 18 Cotton is at 76.46, up 7 points,

Mar 19 Cotton is at 78.51, up 16 points

May 19 Cotton is at 79.71, up 8 points

Jul 19 Cotton is at 80.740, down 1 point

--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