AgriCharts Market Commentary

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Cotton Market Commentary

Cotton futures settled 19 to 41 points lower. The US dollar index was up sharply, trading at the highest reading since October 10. The Chinese yuan continues to weaken as the tariff war plays out. Trade estimates for cotton production losses from Hurricane Michael are running anywhere from 300,000 to 900,000 bales, depending on assumptions about the quantity harvested before the storm hit and how much can be salvaged from damaged fields. The weekly USDA Export Sales report will be back on the regular schedule this week with the Thursday morning 7:30 a.m. CDT release. The Cotlook A index was up 40 points from the previous day at 88.05 cents/lb on October 16. The USDA weekly AWP is 67.73 cents/lb, and will be updated on Thursday.

Dec 18 Cotton closed at 77.920, down 41 points,

Mar 19 Cotton closed at 79.440, down 34 points

May 19 Cotton closed at 80.460, down 19 points

Cotton Market Commentary

Cotton futures are trading 31 to 45 points lower in the front months on Wednesday. Crude oil is down $1.70/barrel at the moment, with the US dollar index up 300 points. The weekly Export Sales report will be back on schedule this week with the Thursday morning 7:30 a.m. CDT release. The Cotlook A index was up 40 points from the previous day at 88.05 cents/lb on October 16. The USDA weekly AWP is 67.73 cents/lb, and will be updated on Thursday.

Dec 18 Cotton is at 77.89, down 44 points,

Mar 19 Cotton is at 79.33, down 45 points

May 19 Cotton is at 80.2, down 45 points

Jul 19 Cotton is at 80.890, down 31 points

--provided by Brugler Marketing & Management. Call (402) 289-2330 with questions or news tips.

Cotton Market Commentary

Cotton futures are trading 6 to 10 points lower this morning. They were steady to 39 points lower in the front months on Tuesday. With estimated ending stocks pushing 5 million bales, the market can be complacent at times about crop losses. Texas has 30% harvested, with GA @ 20%. Condition ratings dropped a sharp 22 points to 299 on the Brugler500 Index. That is the worst rating for this week since 2011. Georgia ratings fell 126 Index points to 234 due to Hurricane Michael. Conditions in TX also fell by 5 points, with AL down 39 points. The Cotlook A index was up 150 points from the previous day at 87.65 cents/lb on October 15. The USDA weekly AWP is 67.73 cents/lb, and effective through this Thursday.

--provided by Brugler Marketing & Management. Call (402) 289-2330 with questions or news tips.

Cotton Market Commentary

Cotton futures were steady to 39 points lower in the front months on Tuesday, ignoring the drastic deterioration to the national crop reported on Monday. With estimated ending stocks pushing 5 million bales, the market can be complacent at times about crop losses. Texas has 30% harvested, with GA @ 20%. Condition ratings dropped a sharp 22 points to 299 on the Brugler500. The main cause was from GA due to Hurricane Michael, as it lost 126 Index points to 234. Conditions in TX also fell by 5 points, with AL down 39 points. The Cotlook A index was up 150 points from the previous day at 87.65 cents/lb on October 15. The USDA weekly AWP is 67.73 cents/lb, and effective through this Thursday.

Dec 18 Cotton closed at 78.330, down 39 points,

Mar 19 Cotton closed at 79.780, down 6 points

May 19 Cotton closed at 80.650, unch,

--provided by Brugler Marketing & Management (402) 289-2330

Cotton Market Commentary

Cotton futures are currently 12 to 30 points lower on Tuesday. NASS showed that 85% of the US cotton crop had bolls open as of Sunday, 2% above normal. The crop was 32% harvested, vs. the 25% average for this date. Texas has 30% harvested, with GA @ 20%. Condition ratings for that week fell 7% to 35% gd/ex, with the Brugler500 index down a sharp 22 points to 299. That was mainly caused by a huge deterioration in GA from Hurricane Michael, down 126 Index points to 234. Conditions in TX also fell by 5 points, with AL down 39 points. The Cotlook A index was up 150 points from the previous day at 87.65 cents/lb on October 15. The USDA weekly AWP is 67.73 cents/lb, and effective through this Thursday.

Dec 18 Cotton is at 78.45, down 27 points,

Mar 19 Cotton is at 79.71, down 13 points

May 19 Cotton is at 80.52, down 13 points

Jul 19 Cotton is at 81.030, down 12 points

--provided by Brugler Marketing & Management (402) 289-2330


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