AgriCharts Market Commentary

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.

Cotton

September 19, 2017

Cotton futures finished Tuesday with most contracts 6 to 60 cents in the red. Texas was well ahead of its average pace for cotton harvest, at 18% harvested, dragging the national average higher. Georgia ratings were down a steep 66 points on the Brugler500 scale in the week following Hurricane Irma, dropping to 307. Arkansas, Louisiana and South Carolina were the only other states to report lower conditions. The Cotlook A index for September 18 was down 20 points from the previous day at 78.9 cents/lb. China sold another 26,000 MT of cotton in Tuesday’s auction of state reserves that saw 27,100 MT offered.

Oct 17 Cotton closed at 69.980, down 43 points,

Dec 17 Cotton closed at 69.270, down 23 points

May 18 Cotton closed at 68.770, down 54 points

Cotton

September 19, 2017

Cotton futures are steady to 48 points lower in the nearby contracts on Tuesday. As of Sunday, the US cotton crop had 44% of the bolls opening. NASS indicated 11% of the crop was harvested, vs. 6% average. Texas was well ahead of its average pace, at 18% harvested. US condition ratings were down 2% to 61% gd/ex, as the Brugler500 was 7 points lower at 358. Georgia ratings were down a steep 66 points on the Brugler500 scale in the week following Hurricane Irma, dropping to 307. Arkansas, Louisiana and South Carolina were the only other states to report lower conditions. The Cotlook A index for September 18 was down 20 points from the previous day at 78.9 cents/lb. China sold another 26,000 MT of cotton in Tuesday’s auction of state reserves that saw 27,100 MT offered.

Oct 17 Cotton is at 70.41, unch,

Dec 17 Cotton is at 69.34, down 16 points

Mar 18 Cotton is at 68.42, down 48 points

May 18 Cotton is at 68.900, down 41 points

Cotton

September 19, 2017

Cotton futures are 28 lower to 25 higher this morning after they showed slight to 91 point gains on Monday. As of Sunday, the US cotton crop had 44% of the bolls opening. NASS indicated 11% of the crop was harvested, vs 6% average. Texas was well ahead of its average pace. US condition ratings were down 2% to 61% gd/ex, as the Brugler500 was 7 points lower at 358. Georgia ratings were down a steep 66 points on the Brugler500 scale in the week following Hurricane Irma, dropping to 307. The Cotlook A index for September 15 was unchanged from the previous day at 79.1 cents/lb. China sold another 24,200 MT of cotton in Monday’s auction of state reserves that saw 25,200 MT offered.

Cotton

September 18, 2017

Cotton futures showed slight to 91 point gains on Monday, despite the US dollar being up 142 As of Sunday, the US cotton crop had 44% of the bolls opening, as 11% of the crop was harvested, vs 6% average. US condition ratings were down 2% to 61% gd/ex, as the Brugler500 was 7 points lower at 358. Georgia ratings were down 66 points on the Brugler500 scale in the week following Hurricane Irma, dropping to 307. The Cotlook A index for September 15 was unchanged from the previous day at 79.1 cents/lb. China sold another 24,200 MT of cotton in Monday’s auction of state reserves that saw 25,200 MT offered.

Oct 17 Cotton closed at 70.410, up 28 points,

Dec 17 Cotton closed at 69.500, up 43 points

May 18 Cotton closed at 69.310, up 83 points

Cotton

September 18, 2017

Cotton futures are showing gains of 13 to 61 points on Monday, despite the US dollar being 305 points higher. CFTC data showed spec traders with a net long position of 70,284 contracts in cotton futures and options contracts as of Tuesday. That was an increase of 14,104 contracts from the previous week and just in time to be hammered by the post-USDA report sell off. The Cotton AWP was updated to 63.27 cents/lb, down 86 points from the previous week. The Cotlook A index for September 15 was unchanged from the previous day at 79.1 cents/lb. China sold another 24,200 MT of cotton in Monday’s auction of state reserves that saw 25,200 MT offered.

Oct 17 Cotton is at 70.74, up 61 points,

Dec 17 Cotton is at 69.2, up 13 points

Mar 18 Cotton is at 68.25, up 26 points

May 18 Cotton is at 68.690, up 21 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
Web: http://bruglermarketing.com