Cotton Shooting Higher on Monday

Cotton futures are sharply higher on Monday, front month futures hitting an 18-month high of 72.70 earlier on the session. Today is first notice day for December cotton futures. USDA will release updated harvest progress later this afternoon. The Commitment of Traders report from CFTC showed a 1,529 contract reduction to managed money’s net long position. Cotton specs were 57,565 contracts net long on 11/17 The Cotlook A index was down 25 points to 77.90 c/lb as of November 20. The AWP for cotton is 56.84 cents/lb.

DEC 20 Cotton is at 72, up 112 points,
MAR 21 Cotton is at 73.85, up 89 points
MAY 21 Cotton is at 74.69, up 90 points
JUL 21 Cotton is at 75.29, up 89 points

--- 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

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.