AgriCharts Market Commentary

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Cotton Slightly Lower at Midday

Cotton futures are trading 23 to 57 points lower in most contracts on Wednesday’s midday. The 5-day QPF shows most cotton growing areas west of MS with very little moisture over that timeframe. USDA will update the weekly Export Sales reports on Thursday morning. The Cotlook A index for July 16 was up 130 points from the previous day at 74.95 cents/lb. The weekly AWP is 58.05 cents/lb through for this week and will be updated on Thursday.

OCT 19 Cotton is at 62.1, down 23 points,

DEC 19 Cotton is at 62.66, down 40 points

MAR 20 Cotton is at 63.71, down 57 points

MAY 20 Cotton is at 64.61, down 57 points

--provided by Brugler Marketing & Management

Cotton 12 to 36 Points Lower on Ideas of Limited Damage

Cotton futures are trading 12 to 36 points lower this morning. They saw losses of 56 to 132 points in the nearby contracts on Turnaround Tuesday. Strength in the US dollar along with improved crop ratings on Monday pressured the market lower. After Monday’s close, NASS showed that TX had 12% of their crop setting bolls, 6% behind normal, with GA 8% faster than normal at 45%. MO and TN were the only states with lower conditions, as TX was up 13 points and MS was 16 higher. The Cotlook A index for July 15 was down 40 points from the previous day at 73.65 cents/lb. The weekly AWP is 58.05 cents/lb through Thursday.

--provided by Brugler Marketing & Management

Cotton Lower on Improving Crop Ratings

Cotton futures saw losses of 56 to 132 points in the nearby contracts on Tuesday. Strength in the US dollar along with improved crop ratings on Monday pressured the market lower. After Monday’s close, NASS showed that TX had 12% of their crop setting bolls, 6% behind normal, with GA 8% faster than normal at 45%. Any damage from TS Barry is likely to show up in next week’s report due to the timing as LA was 5 points better on Monday. MO and TN were the only states with lower conditions, as TX was up 13 points and MS was 16 higher. The Cotlook A index for July 15 was down 40 points from the previous day at 73.65 cents/lb. The weekly AWP is 58.05 cents/lb through Thursday.

OCT 19 Cotton closed at 62.38, down 132 points,

DEC 19 Cotton closed at 63.09, down 86 points

MAR 20 Cotton closed at 64.32, down 68 points

MAY 20 Cotton closed at 65.24, down 56 points

--provided by Brugler Marketing & Management

Cotton Lower on Improving Crop Ratings

Cotton futures are showing 73 to 132 point losses in most contracts on Tuesday. After the close, NASS showed 60% of the US cotton crop was squared (69% avg) and 20% of the acres were setting bolls (25% avg) as of Sunday. TX had 12% of their crop setting bolls, 6% behind normal, with GA 8% faster than normal at 45%. Condition ratings were up 2% to 56% gd/ex and saw a 7 point jump on the Brugler500 index at 347. Any damage from TS Barry is likely to show up in next week’s report due to the timing as LA was 5 points better on Monday. MO and TN were the only states with lower conditions, as TX was up 13 points and MS was 16 higher. The Cotlook A index for July 15 was down 40 points from the previous day at 73.65 cents/lb. The weekly AWP is 58.05 cents/lb through Thursday.

OCT 19 Cotton is at 62.38, down 132 points,

DEC 19 Cotton is at 62.88, down 107 points

MAR 20 Cotton is at 64.12, down 88 points

MAY 20 Cotton is at 65.07, down 73 points

--provided by Brugler Marketing & Management

Cotton 36 to 65 Lower to Start Tuesday

Cotton futures are trading 36 to 65 points lower on Turnaround Tuesday selling this morning. They posted 106 to 126 point gains in most contracts on Monday, after setting life of contract lows last week. After the close, NASS showed 60% of the US cotton crop was squared (69% avg) and 20% of the acres were setting bolls (25% avg) as of Sunday. Condition ratings were up 2% to 56% gd/ex and saw a 7 point jump on the Brugler500 index at 347, mainly from fewer poor/very poor ratings. Any damage from TS Barry is likely to show up in next week’s report due to the timing. The Cotlook A index for July 12 was down 75 points from the previous day at 74.05 cents/lb. The weekly AWP is 58.05 cents/lb through Thursday.

--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