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

April 23, 2018

Cotton futures were mostly 3 to 61 points lower, with a few back months higher on Monday. Nearby May was down 228 ahead of delivery notices. The US dollar index also provided pressure, up 614 points. The US cotton crop was estimated at 9% planted on Sunday. Planting progress moved just 1% during the week, and lag last year’s 11% and the average pace at 10%. Wet conditions in the Southeast were an issue. The Cotlook A index was up 25 points from the previous day at 91.95 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb last Thursday, 16 points lower than the previous week.

May 18 Cotton closed at 83.190, down 228 points,

Jul 18 Cotton closed at 84.120, down 61 points

Oct 18 Cotton closed at 81.160, down 51 points

Cotton

April 23, 2018

Cotton futures are mostly 33 to 43 points higher on Monday. Rain totals reported were lower than expected in most forecast areas of northern TX. The mills are still exposed with their large unpriced on call positions. The large money managers in cotton futures and options added another 3,835 contracts to their net long position as of Tuesday, to a net position of 80,111 contracts. The Cotlook A index was up 25 points from the previous day at 91.95 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb last Thursday, 16 points lower than the previous week.

May 18 Cotton is at 85.9, up 43 points,

Jul 18 Cotton is at 85.12, up 39 points

Oct 18 Cotton is at 82, up 33 points

Dec 18 Cotton is at 79.790, up 36 points

Cotton

April 23, 2018

Cotton futures are trading mostly 25 to 68 higher this morning, ignoring the thinly traded October. They posted 101 to 250 point gains in most nearby contracts on Friday, as May was up 2.47% from Friday to Friday. The mills are still exposed with their large unpriced on call positions. The large money managers in cotton futures and options added another 3,835 contracts to their net long position as of Tuesday, to a net position of 80,111 contracts. The Cotlook A index was down 50 points from the previous day at 91.70 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb, 16 points lower than the previous week.

Cotton

April 20, 2018

Cotton futures posted 101 to 250 point gains in most nearby contracts to end the week, as May was up 2.47% since last Friday. The large money managers in cotton futures and options added another 3,835 contracts to their net long position as of Tuesday, to a net position of 80,111 contracts. The Cotlook A index was down 50 points from the previous day at 91.70 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb, 16 points lower than the previous week.

May 18 Cotton closed at 85.470, up 250 points,

Jul 18 Cotton closed at 84.730, up 191 points

Oct 18 Cotton closed at 81.670, up 101 points

Cotton

April 20, 2018

Cotton futures are 56 to 165 points higher at midday. Weekly upland cotton exports were 361,952 RB for the week of 4/12, slightly above this time last year and down 27.55% from a week ago. Upland cotton export commitments are 17% larger than last year, as they have now reached 110% of the USDA export projection. The average for this week is 94%. The Cotlook A index was down 50 points from the previous day at 91.70 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb, 16 points lower than the previous week.

May 18 Cotton is at 84.62, up 165 points,

Jul 18 Cotton is at 84.2, up 138 points

Dec 18 Cotton is at 79.150, up 56 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