Cotton Backs Off

Cotton futures are trading 52 to 77 points lower this morning. December cotton futures were 16 points weaker at the end of trading on Thursday. The other nearby cotton futures closed a point to 16 points higher through Oct ’21. Cotton export sales were reported as 171,261 RBs, split 116k RBs for 2020/21 delivery and 56k NMY. MYTD cotton commitments total 8.865 million running bales, which is down 6% yr/yr. Wednesday cotton sales on The Seam were 4,686 bales at an average gross price of 67.04 cents/lb. WTD sales are 7,947 bales at a wtd av price of 67.95 cents/lb. The Cotlook A index recovered 140 points to 77 cents flat. USDA’s FSA lowered the week’s AWP for cotton 136 points to 56.01 cents/lb.

--- 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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


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.