Cotton

Cotton futures are down 2 to 21 points at midday. The US dollar is currently 523 points lower, but providing little assistance to commodity prices overall. The US cotton harvest progressed another 10% over the last week and was reported at 64% complete as of Sunday, even with the average pace. Online cash sales reported by The Seam were up to 12,421 bales, as prices rose 37 points to 68.61 cents/lb. The Cotlook A index for November 13 was 55 points lower to 79.90 cents/lb. The Commitment of Traders report showed managed money lowering their net long position by 2,431 contracts. That net position stood at 44,883 contracts for the week that ended 11/7.

Dec 17 Cotton is at 68.86, down 2 points,

Mar 18 Cotton is at 68.79, down 14 points

May 18 Cotton is at 69.73, down 18 points

Jul 18 Cotton is at 70.210, down 21 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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