AgriCharts Market Commentary

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Cotton Market News and Commentary

December 12, 2018

Cotton futures were 5 to 25 points lower in the front months on Wednesday Thursday morning’s USDA Export Sales report will show data from the week following a US and China “truce,” where China agreed to buy more US ag goods. USDA did trim China’s 18/19 usage number on Tuesday by 1 million bales to 41.5 million. They also raised Pakistan imports by 300,000 bales on lower production. The Cotlook A index was down 25 points from the previous day on Dec 11 at 88.25 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday.

Mar 19 Cotton closed at 79.970, down 5 points,

May 19 Cotton closed at 81.010, down 12 points

Jul 19 Cotton closed at 81.550, down 17 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

December 12, 2018

Cotton futures are trading 10 to 22 points lower on Wednesday, despite a sharply lower dollar. Thursday morning’s USDA Export Sales report will show data from the week following a US and China “truce,” where China agreed to buy more US ag goods. USDA did trim China’s 18/19 usage number on Tuesday by 1 million bales to 41.5 million. They also raised Pakistan imports by 300,000 bales on lower production. The Cotlook A index was down 25 points from the previous day on Dec 11 at 88.25 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday.

Mar 19 Cotton is at 79.85, down 17 points,

May 19 Cotton is at 80.94, down 19 points

Jul 19 Cotton is at 81.5, down 22 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

December 12, 2018

Cotton futures are mixed this morning; 9 lower to 12 higher. They posted 14 to 26 point gains on Tuesday, despite larger US carryout numbers and a stronger US dollar. The monthly USDA report showed increased US production, up 180,000 bales to 18.559 million bales. TX production was up 300,000 bales to 7.032 million, offset by cuts in other states. That helped to raise projected carryout 100,000 bales to 4.4 million bales. Estimated world ending stocks rose up 580,000 bales to 73.19 million bales. Larger Chinese and Brazil carryout helped to push it higher. The Cotlook A index was up 125 points from the previous day on Dec 10 at 88.5 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday.

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

December 11, 2018

Cotton futures posted 14 to 26 point gains on Tuesday, despite larger US carryout numbers and a stronger US dollar. This morning’s monthly USDA report showed increased US production, up 180,000 bales to 18.559 million bales. TX production was up 300,000 bales to 7.032 million. That helped to raise projected carryout 100,000 bales to 4.4 million bales. World ending stocks were up 580,000 bales to 73.19 million bales. Larger Chinese and Brazil carryout helped to push it higher. The Cotlook A index was up 125 points from the previous day on Dec 10 at 88.5 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday.

Mar 19 Cotton closed at 80.020, up 14 points,

May 19 Cotton closed at 81.130, up 24 points

Jul 19 Cotton closed at 81.720, up 26 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

December 11, 2018

Cotton futures are down 12 to 29 points on Tuesday, pressured by a slightly bearish USDA report and a higher US dollar index. This morning’s monthly USDA report showed increased US production, up 180,000 bales to 18.559 million bales. TX production was up 300,000 bales to 7.032 million. That helped to raise projected carryout 100,000 bales to 4.4 million bales. World ending stocks were up 580,000 bales to 73.19 million bales. Larger Chinese and Brazil carryout helped to push it higher. The Cotlook A index was up 125 points from the previous day on Dec 10 at 88.5 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday.

Mar 19 Cotton is at 79.59, down 29 points,

May 19 Cotton is at 80.75, down 14 points

Jul 19 Cotton is at 81.34, down 12 points

--provided by Brugler Marketing & Management


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