AgriCharts Market Commentary

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.

Cotton Market Commentary

Cotton futures close the Tuesday session with sharp 226 to 279 losses in most contracts. The US activated close to $200 billion in new tariffs on Chinese consumer goods, effective September 24. Most are at the 10% level but will escalate to 25% at yearend if there is no trade deal. China responded with $60 billion in new tariffs on US exports to China, including some textiles. The weekly Crop Progress report indicated ratings in TX were up 16 points last week, with NC down 26 points. The Cotlook A index was up 20 points from the previous day at 91.30 cents/lb on September 13. The USDA AWP is 73.79 cents/lb, good through Thursday.

OCT 18 Cotton closed at 79.17, down 234 points,

DEC 18 Cotton closed at 78.52, down 279 points

MAR 19 Cotton closed at 79.12, down 252 points

MAY 19 Cotton closed at 79.94, down 226 points

Cotton Market Commentary

Cotton futures are trading 227 to 290 points lower on Tuesday. The US activated close to $200 billion in new tariffs on Chinese consumer goods, effective September 24. Most are at the 10% level but will escalate to 25% at yearend if there is no trade deal. China will respond with $60 billion in new tariffs on US exports to China. The weekly Crop Progress report indicated that 49% of the US cotton crop had bolls opening as of Sunday, with 13% harvested (above the 6% average). Condition ratings were up 1% to 39% gd/ex, with the Brugler500 Index 8 points higher to 308 on fewer very poor ratings. Ratings in TX were up 16 points, with NC down 26 points. The Cotlook A index was up 20 points from the previous day at 91.30 cents/lb on September 13. The USDA AWP was updated to 73.79 cents/lb, just 2 points above last week.

OCT 18 Cotton is at 79.24, down 227 points,

DEC 18 Cotton is at 78.41, down 290 points

MAR 19 Cotton is at 79.04, down 260 points

MAY 19 Cotton is at 79.89, down 231 points

Cotton Market Commentary

Cotton futures are 71 to 128 points lower this morning. The US activated close to $200 billion in new tariffs on Chinese consumer goods, effective September 24. Most are at the 10% level but will escalate to 25% at yearend if there is no trade deal. China will respond with $60 billion in new tariffs on US exports to China. The weekly Crop Progress report indicated that 49% of the US cotton crop had bolls opening as of Sunday, with 13% harvested (above the 6% average). Condition ratings were up 1% to 39% gd/ex, with the Brugler500 Index 8 points higher to 308 on fewer very poor ratings. The Cotlook A index was down 105 points from the previous day at 91.10 cents/lb on September 14. The USDA AWP was updated to 73.79 cents/lb, just 2 points above last week.

Cotton Market Commentary

Cotton futures were 40 to 46 points lower in most contracts on Monday, ignoring thinly traded nearby Oct. A little pressure came from an unknown Chinese response to US threats of another $200 billion in tariffs on Chinese goods, which have yet to be implemented. The weekly Crop Progress report indicated that 49% of the US cotton crop had bolls opening as of Sunday, with 13% harvested (above the 6% average). Condition ratings were up 1% to 39% gd/ex, with the Brugler500 Index 8 points higher to 308 on fewer very poor ratings. The Cotlook A index was down 105 points from the previous day at 91.10 cents/lb on September 14. The USDA AWP was updated to 73.79 cents/lb, just 2 points above last week.

OCT 18 Cotton closed at 82.34, up 44 points,

DEC 18 Cotton closed at 81.37, down 46 points

MAR 19 Cotton closed at 81.7, down 44 points

MAY 19 Cotton closed at 82.24, down 40 points

Cotton Market Commentary

Cotton futures are mostly lower at midday, with nearby Oct higher on low volume. A little pressure is from US threats of another $200 billion in tariffs on Chinese goods, which have yet to be implemented. After 5 straight weeks of trimming their net long position, spec traders in Cotton futures and options added 1,504 contracts to that net position on 9/11 to 67,302 contracts. The Cotlook A index was down 105 points from the previous day at 91.10 cents/lb on September 14. The USDA AWP was updated to 73.79 cents/lb, just 2 points above last week.

Oct 18 Cotton is at 82.34, up 44 points,

Dec 18 Cotton is at 81.66, down 17 points

Mar 19 Cotton is at 81.95, down 19 points

May 19 Cotton is at 82.520, down 12 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
Web: http://bruglermarketing.com