Cotton

Cotton futures are 90 to 130 points higher at midday. The weekly AWP is 65.47 cents/lb, an increase of 14 points from the previous week. The CFTC reported cotton futures and options spec traders had reduced their net long position to 22,510 contracts in the COT report. The Cotlook A index for July 14 was at 82.20 cents/lb, down 1 cent from the previous day. China offered 30,100 MT of cotton at an auction of state reserves on Monday, as 20,700 MT of that were sold.

Oct 17 Cotton is at 68.15, up 97 points,

Dec 17 Cotton is at 67.78, up 120 points

Mar 18 Cotton is at 67.34, up 123 points

May 18 Cotton is at 68.040, up 133 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
Web: http://bruglermarketing.com

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