AgriCharts Market Commentary

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Cotton

July 21, 2017

Cotton futures closed Friday trade with losses of 40 to 56 points, despite the US dollar dropping 332 points to the lowest in over a year. The Cotlook A index for July 20 was at 84.20 cents/lb, steady with the previous day. As of July 18, managed money was shown to decrease their net long position for the ninth week in a row, to 17,363 contracts. This is their smallest net long position in 15 months. The new AWP good today through next Thursday was updated to 64.87 cents/lb, down 60 points. The Seam showed light cash sales of 352 bales at 67.5 cents/lb.

Oct 17 Cotton closed at 69.140, down 41 points,

Dec 17 Cotton closed at 68.420, down 56 points

May 18 Cotton closed at 68.620, down 49 points

Cotton

July 21, 2017

Cotton futures are mostly 42 to 84 points lower on Friday, even as the US Dollar continues to decline. The Cotlook A index for July 20 was at 84.20 cents/lb, steady with the previous day. All upland cotton total export commitments are 108% of the full year WASDE forecast, vs. 104% last year and the average of 106%. Some will be rolled to 2017/18 delivery.The new AWP good today through next Thursday was updated to 64.87 cents/lb, down 60 points. The Seam showed light cash sales of 352 bales at 67.5 cents/lb.

Oct 17 Cotton is at 68.71, down 84 points,

Dec 17 Cotton is at 68.29, down 69 points

Mar 18 Cotton is at 67.93, down 67 points

May 18 Cotton is at 68.410, down 70 points

Cotton

July 21, 2017

Cotton futures are 70 to 80 points lower this morning, erasing gains of 54 to 87 points from Thursday. The US dollar was 520 points lower yesterday, and is lower again this morning. The Cotlook A index for July 19 was at 84.20 cents/lb, up 50 points from the previous day. All upland cotton export sales were 27,216 RB for old crop, with 166,210 RB sold for new crop. Total sales were 16.79% larger than a week ago but 25.73% lower than last year. The marketing year ends July 31. Export shipments were shown at 280,526 RB, 43.65% above the previous week and 50.8% larger than this time last year. All upland cotton total export commitments are 108% of the full year WASDE forecast, vs. 104% last year and the average of 106%. Some will be rolled to 2017/18 delivery. The new AWP good Friday through next Thursday was updated to 64.87 cents/lb, down 60 points. China sold 25,200 MT of the 30,100 MT of cotton offered at Thursday’s auction of state reserves.

Cotton

July 20, 2017

Cotton futures were 54 to 87 points higher on the day, as the US dollar was ….. points lower. The Cotlook A index for July 19 was at 84.20 cents/lb, up 50 points from the previous day. With just over 2 reporting weeks left in the marketing year, all upland cotton export sales picked up over last week at 27,216 RB for old crop, with 166,210 RB sold for new crop. Total sales were 16.79% larger than a week ago but 25.73% lower than last year. Export shipments were shown at 280,526 RB, 43.65% above the previous week and 50.8% larger than this time last year. The new AWP good tomorrow through next Thursday was updated to 64.87 cents/lb, down 60 points. China sold 25,200 MT of the 30,100 MT of cotton offered at Thursday’s auction of state reserves.

Oct 17 Cotton closed at 69.550, up 79 points,

Dec 17 Cotton closed at 68.980, up 87 points

May 18 Cotton closed at 69.110, up 75 points

Cotton

July 20, 2017

Cotton futures are trading 49 to 89 points higher, as the US dollar is posting losses of 550 points at the moment. The Cotlook A index for July 19 was at 84.20 cents/lb, up 50 points from the previous day. With just over 2 reporting weeks left in the marketing year, all upland cotton export sales picked up over last week at 27,216 RB for old crop, with 166,210 RB sold for new crop. Total sales were 16.79% larger than a week ago but 25.73% lower than last year. The AWP will be updated later this afternoon. China sold 25,200 MT of the 30,100 MT of cotton offered at Thursday’s auction of state reserves.

Oct 17 Cotton is at 69.65, up 89 points,

Dec 17 Cotton is at 68.72, up 61 points

Mar 18 Cotton is at 68.32, up 52 points

May 18 Cotton is at 68.850, up 49 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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