AgriCharts Market Commentary

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Cotton Market Commentary

September 21, 2018

Cotton futures saw 3 to 52 point gains on Friday, as Dec was down 3.3% on the week. As of September 13, weekly export sales data shows upland cotton export commitments 26.9% larger than the same week in 2017. Commitments, totaling 8.933 million RB, are 61% of the USDA 18/19 export projection vs. the normal pace of 41%. The weekly Commitment of Traders report showed specs in cotton futures and options at their least bullish bet since November of 2017 at 60,679 contracts as of Tuesday. Mills had trimmed 1,109 contracts from their unfixed call sales position as of 9/14 to 36,040 contracts for December according to Thursday’s CFTC Cotton on Call report. The Cotlook A index was up 15 points from the previous day at 88.30 cents/lb on September 20. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior.

OCT 18 Cotton closed at 79.1, up 3 points,

DEC 18 Cotton closed at 78.99, up 52 points

MAR 19 Cotton closed at 79.39, up 48 points

Cotton Market Commentary

September 21, 2018

Cotton futures are trading 5 to 37 points in the green at midday. As of September 13, weekly export sales data shows upland cotton export commitments 26.9% larger than the same week in 2017. Commitments, totaling 8.933 million RB, are 61% of the USDA 18/19 export projection vs. the normal pace of 41%. Mills had trimmed 1,109 contracts from their unfixed call sales position as of 9/14 to 36,040 contracts for December according to Thursday’s CFTC Cotton on Call report. The Cotlook A index was up 15 points from the previous day at 88.30 cents/lb on September 20. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior.

OCT 18 Cotton is at 79.44, up 37 points,

DEC 18 Cotton is at 78.69, up 22 points

MAR 19 Cotton is at 79.13, up 22 points

MAY 19 Cotton is at 79.63, up 5 points

Cotton Market Commentary

September 21, 2018

Cotton futures are trading 23 to 42 points lower this morning. They settled with 11 to 53 point losses on Thursday, despite a sharply lower US dollar index. This morning’s Export Sales report indicated that 97,733 RB of 18/19 upland cotton was sold in the week of 9/13, with 32,912 RB in sales of the 19/20 crop. Sales to China were net reductions of -3 RB for 18/19 and 440 RB in 19/20 sales. Export shipments of 16,174 RB went to China, with the total to all countries at 148,892 RB. Pima sales totaled 3,300 RB for 18/19, with 600 RB to China. The Cotlook A index was down 265 points from the previous day at 88.15 cents/lb on September 19. The USDA weekly AWP was updated to 71.59 cents/lb, down 2.20 cents from the week prior.

Cotton Market Commentary

September 20, 2018

Cotton futures settled with 11 to 53 point losses on Thursday, despite a sharply lower US dollar index. This morning’s Export Sales report indicated that 97,733 RB of 18/19 upland cotton was sold in the week of 9/13, with 32,912 RB in sales of the 19/20 crop. Sales to China were reported at net reductions of -3 RB for 18/19 and 440 RB in 19/20 sales. Export shipments were seen at 16,174 RB to China, with the overall total to all countries at 148,892 RB. Pima sales totaled 3,300 RB for 18/19, with 600 RB to China. The Cotlook A index was down 265 points from the previous day at 88.15 cents/lb on September 19. The USDA weekly AWP was updated to 71.59 cents/lb, down 2.20 cents from the week prior.

OCT 18 Cotton closed at 79.1, down 53 points,

DEC 18 Cotton closed at 78.54, down 18 points

MAR 19 Cotton closed at 79.04, down 11 points

MAY 19 Cotton closed at 79.67, down 20 points

Cotton Market Commentary

September 20, 2018

Cotton futures are showing 1 to 25 point losses at midday, despite a lower US dollar index. This morning’s Export Sales report indicated that 97,733 RB of 18/19 upland cotton was sold in the week of 9/13, with 32,912 RB in sales of the 19/20 crop. Sales to China were reported at net reductions of -3 RB for 18/19 and 440 RB in 19/20 sales. Export shipments were seen at 16,174 RB to China. Pima sales totaled 3,300 RB for 18/19, with 600 RB to China. The Cotlook A index was down 265 points from the previous day at 88.15 cents/lb on September 19. The USDA weekly AWP is currently at 73.79 cents/lb, and will be adjusted lower today.

OCT 18 Cotton is at 79.62, down 1 point,

DEC 18 Cotton is at 78.47, down 25 points

MAR 19 Cotton is at 78.94, down 21 points

MAY 19 Cotton is at 79.65, down 22 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
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