Cotton Gaining Out of Weekend

After the weekend break Monday cotton prices are 12 to 71 points higher at midday. New crop prices aren’t as strong, with Dec up just 17 points.

NOAA’s 7-day QPF has 0.75 – 2” of rain forecasted for the S. Delta. N. GA will mostly miss out, but Southern GA may get up to 1 1/2” accumulated. Along the N. TX boarder, rain accumulation will be 1.75” to 2.5” for the coming week. Heavier precip is in the forecast for the border of Oklahoma and Arkansas – with as much as 4.25” through the week.

USDA’s weekly Cotton Market Review showed 5,810 bales were sold for the week through 4/22. The average spot price was 80.94 cents/lb. The Cotlook A index was down 25 points on 4/23 to 91.95 cents/lb. The AWP for cotton is 70.49 cents/lb through Thursday.  

May 21 Cotton  is at 88.05, up 54 points,

Jul 21 Cotton  is at 89.51, up 71 points,

Dec 21 Cotton  is at 85.1, up 17 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

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