Cotton

Cotton futures settled mostly 44 to 94 points lower, with thinly traded Oct down 159 points. 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. All upland cotton shipments of 195,281 RB were reported, a 31.36% rise over last year but down 35.44% from a week ago. The Cotlook A index for July 12 was up 25 points to 83.70 cents/lb.

Oct 17 Cotton closed at 66.540, down 159 points,

Dec 17 Cotton closed at 66.370, down 90 points

May 18 Cotton closed at 66.750, down 66 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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