Midweek Cotton Trades Red

Going home on Wednesday, front moth cotton prices had given back another 184 to 252 points. For July contracts, that pushed prices back below $1 per pound. The US CPI was still high at an annualized 5.4%, and core inflation was still 4%. 

USDA’s Daily Spot Quotations report showed 2,236 bales were added to the program on 10/13. The daily Classings report showed 46,994 bales of upland cotton were classed on 10/13, adding 995 bales of pima as well. The Cotlook A index was 55 points weaker to 118.70 cents/lb. The AWP for cotton is now 91.81 cents/lb, up from 83.92 last week. 

Dec 21 Cotton  closed at 103.86, down 252 points,

Mar 22 Cotton  closed at 101.84, down 226 points,

May 22 Cotton  closed at 100.95, down 209 points




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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