AgriCharts Market Commentary

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Cotton

Cotton futures posted 159 to 180 point gains in most nearby contracts on Tuesday, with back months modestly higher. The USDA reported that 236,832 bales were classed in the upland category during the week of Feb 15. That brings the total for upland classings to 18.480 million bales for 17/18. The USDA Adjusted World Price or AWP was trimmed 30 points from the previous week to 69.15 cents/lb on Thursday. The Cotlook A index was up 25 points from the previous day on February 19 at 86.85 cents/lb.

Mar 18 Cotton closed at 77.510, up 179 points,

May 18 Cotton closed at 78.960, up 180 points

Jul 18 Cotton closed at 79.710, up 159 points

Cotton

Cotton futures are posting sharp 207 to 228 point gains in the nearby contracts on Tuesday. The Friday COT report showed spec funds lowering their net long position by 12,509 contracts to 69,378 contracts for the week of Feb 13. The USDA reported that 236,832 bales were classed in the upland category during the week of Feb 15. That brings the total for upland classings to 18.480 million bales for 17/18. The USDA Adjusted World Price or AWP was trimmed 30 points from the previous week to 69.15 cents/lb on Thursday. The Cotlook A index was up 25 points from the previous day on February 19 at 86.85 cents/lb.

Mar 18 Cotton is at 77.9, up 218 points,

May 18 Cotton is at 79.44, up 228 points

Jul 18 Cotton is at 80.19, up 207 points

Oct 18 Cotton is at 76.850, up 47 points

Cotton

Cotton futures are up 52 to 56 points in the front months this morning. They saw steady to 39 point gains in most contracts on Friday, as March was down 1.25% on the week. Upland export commitments are now 22.6% above the same time last year. Thursday’s CFTC Cotton On-Call report showed mills pricing 8,990 contracts for March during the week of Feb 9. The number of unfixed call sales for March as of that date was down to 8,942 contracts, with the total for all months at 140,984 contracts. The Friday COT report showed spec funds lowering their net long position by 12,509 contracts to 69,378 contracts for the week of Feb 13. The USDA Adjusted World Price or AWP was trimmed 30 points from the previous week to 69.15 cents/lb on Thursday. The Cotlook A index was down 50 points from the previous day on February 15 at 86.85 cents/lb.

Cotton

Cotton futures saw steady to 39 point gains in most contracts on Friday, as March was down 1.25% on the week. Upland export commitments are now 22.6% above the same time last year. Thursday’s CFTC Cotton On-Call report showed mills pricing 8,990 contracts for March during the week of Feb 9. The number of unfixed call sales for March as of that date was 8,942 contracts, with the total for all months at 140,984 contracts. The COT report this afternoon showed spec funds lowering their net long position by 12,509 contracts to 69,378 contracts for the week of Feb 13. The USDA Adjusted World Price or AWP was trimmed 30 points from the previous week to 69.15 cents/lb on Thursday. The Cotlook A index was down 50 points from the previous day on February 15 at 86.85 cents/lb.

Mar 18 Cotton closed at 75.720, up 31 points,

May 18 Cotton closed at 77.160, up 39 points

Jul 18 Cotton closed at 78.120, up 36 points

Cotton

Cotton futures are trading 12 to 15 points higher in the nearby contracts at midday. Upland export commitments are now 22.6% above the same time last year. Thursday’s CFTC Cotton On-Call report showed mills pricing 8,990 contracts for March during the week of Feb 9. The number of unfixed call sales for March as of that date was 8,942 contracts, with the total for all months at 140,984 contracts. The USDA Adjusted World Price or AWP was trimmed 30 points from the previous week to 69.15 cents/lb on Thursday. The Cotlook A index was down 50 points from the previous day on February 15 at 86.85 cents/lb.

Mar 18 Cotton is at 75.53, up 12 points,

May 18 Cotton is at 76.89, up 12 points

Jul 18 Cotton is at 77.91, up 15 points


Market Commentary provided by:

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