Cotton

Cotton futures are trading 64 to 79 points lower at the moment. In this morning’s export sales report, the USDA showed old crop upland cotton export sales of just 12,980 RB, a marketing year low and well shy of last year’s and the previous week’s mark. New crop sales also showed a drop wk/wk to 152,635 RB, but were still 34.3% larger than last year. The USDA lowered the top of the average farm price range 6 cents to 54-68 cents/lb. The midpoint is 61.00. The Cotlook A index for July 12 was up 25 points to 83.70 cents/lb.

Oct 17 Cotton is at 67.41, down 72 points,

Dec 17 Cotton is at 66.48, down 79 points

Mar 18 Cotton is at 66.21, down 73 points

May 18 Cotton is at 66.770, down 64 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
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