AgriCharts Market Commentary

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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

Cotton Market News and Commentary

Cotton futures are trading 89 to 107 points higher this morning adding to gains of 82 to 91 points in most contracts on Wednesday. The Cotlook A Index was up 30 points on January 15 to 82.45 cents/lb. A Cotton Grower survey showed that 13.6 million acres of cotton are intended for 2019, down from 14.05 million last year. Secretary Perdue announced that ~2,500 FSA employees will return to work today, Friday, and next Tuesday (Monday is the MLK holiday) to help with loans in process and other limited items. Only selected office locations will be open on those days so check before trucking over there.

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures were up 82 to 91 points in most contracts on Wednesday. The Cotlook A Index was up 30 points on January 15 to 82.45 cents/lb. A Cotton Grower survey showed that 13.6 million acres of cotton intended for 2019, compared to 14.05 last year. Secretary Perdue announced that ~2,500 FSA employees will return to work on Thursday, Friday, and next Tuesday to help with loans in process and other limited items. Only selected office locations will be open on those days.

Mar 19 Cotton closed at 73.270, up 91 points,

May 19 Cotton closed at 74.540, up 82 points

Jul 19 Cotton closed at 75.710, up 82 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are showing 80 to 88 point gains in most contracts at Wednesday’s midday. The Cotlook A Index was up 30 points on January 15 to 82.45 cents/lb. A Cotton Grower survey showed that 13.6 million acres of cotton for 2019, compared to 14.05 last year. The only news on the China trade front was a quote from Senator Grassley yesterday indicating that none of the major issues had been solved in the Beijing session. Those were left for the next round or the one after that. Secretary Perdue announced that ~2,500 FSA employees will return to work on Thursday, Friday, and next Tuesday for to help with loans and other limited. Select office locations will be open.

Mar 19 Cotton is at 73.24, up 88 points,

May 19 Cotton is at 74.52, up 80 points

Jul 19 Cotton is at 75.73, up 84 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