AgriCharts Market Commentary

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Cotton

November 17, 2017

Cotton futures saw gains of 17 to 57 points on Friday, as Dec was 1.06% higher than a week ago. Support is coming from a weaker US dollar, down 239 points today. The Commitment of Traders report showed the spec funds trimming 2,855 contracts from their net long last week, taking it to 42,028 contracts as of November 14. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 point lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,264 bales, with prices up to 67.09 cents/lb. The Cotlook A index for November 14 was 5 points higher to 79.40 cents/lb.

Dec 17 Cotton closed at 69.780, up 57 points,

Mar 18 Cotton closed at 69.350, up 17 points

Jul 18 Cotton closed at 70.820, up 25 points

Cotton

November 17, 2017

Cotton futures are 42 to 77 points higher in the nearby contracts. Support is coming from a weaker US dollar, down 239 points. Total export commitments of upland cotton are now 40.9% larger than this time in 2016. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 point lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,264 bales, with prices up to 67.09 cents/lb. The Cotlook A index for November 14 was 5 points higher to 79.40 cents/lb.

Dec 17 Cotton is at 69.98, up 77 points,

Mar 18 Cotton is at 69.66, up 48 points

May 18 Cotton is at 70.55, up 44 points

Jul 18 Cotton is at 70.990, up 42 points

Cotton

November 17, 2017

Cotton futures are trading 8 to 26 points higher this morning after they settled Thursday with most contracts 11 to 40 points in the green. The US dollar indices are weaker. Weekly upland export sales of 506,668 RB were the largest weekly total since late January of 2015 and 146% above the previous week. Export shipments of upland cotton fell 24.21% from last week to 94,207 RB. Total export commitments of upland cotton are now 40.9% larger than this time in 2016. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 point lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,652 bales, with prices down 5 points to 66.70 cents/lb. The Cotlook A index for November 14 was 25 points lower to 79.35 cents/lb.

Cotton

November 16, 2017

Cotton futures settled Thursday with most contracts 11 to 40 points in the green. This morning’s export sales report indicated 506,668 RB in 17/18 all upland cotton export sales. That is the largest weekly total since late January of 2015 and 146% above the previous week. Pakistan was the lead buyer at 290,300 RB, as 18/19 sales dwindled down to 176 RB. Exports of upland cotton fell 24.21% from last week to 94,207 RB. Pima sales came in at 18,100 RB, with India buying the majority. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 points lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,652 bales, with prices down 5 points to 66.70 cents/lb. The Cotlook A index for November 14 was 25 points lower to 79.35 cents/lb.

Dec 17 Cotton closed at 69.210, up 40 points,

Mar 18 Cotton closed at 69.180, up 34 points

Jul 18 Cotton closed at 70.570, up 30 points

Cotton

November 16, 2017

Cotton futures are currently 49-63 cents higher at midday. This morning’s export sales report indicated 506,668 RB in 17/18 all upland cotton export sales. That is the largest weekly total since late January of 2015 and 146% above the previous week. Pakistan was the lead buyer at 290,300 RB, as 18/19 sales dwindled down to 176 RB. Pima sales came in at 18,100 RB, with India buying the majority. The USDA Adjusted World Price (AWP) will be updated later today. Online cash cotton sales reported by The Seam increased to 10,652 bales, with prices down 5 points to 66.70 cents/lb. The Cotlook A index for November 14 was 25 points lower to 79.35 cents/lb.

Dec 17 Cotton is at 69.44, up 63 points,

Mar 18 Cotton is at 69.36, up 52 points

May 18 Cotton is at 70.29, up 52 points

Jul 18 Cotton is at 70.760, up 49 points


Market Commentary provided by:

Brugler Marketing & Management LLC
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