AgriCharts Market Commentary

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Cotton

Cotton futures were 83 to 106 points higher in most front months on Thursday, on the potential for renewed dialog between the US and China on trade. It could still be some time before we see any kind of deal. The USDA Export Sales report showed 77,718 RB in old crop upland sales in the week that ended on August 9. Vietnam purchased 24,600 RB, with Pakistan buying 16,900 RB. New crop saw a net reduction of 11,691 RB for upland, with 2,800 RB of pima types sold. Upland cotton exports totaled 240,271 RB in that week, which was 19.92% larger than last year. The Cotlook A index was up 15 points from the previous day at 92.90 cents/lb on August 15. The weekly AWP was updated to 75.45 cents/lb through next Thursday, down 422 points from the previous week.

Oct 18 Cotton closed at 82.130, up 105 points,

Dec 18 Cotton closed at 81.800, up 106 points

Mar 19 Cotton closed at 82.010, up 97 points

Cotton

Cotton futures are up 61 to 102 points at midday, on the potential for renewed dialog between the US and China on trade. The USDA Export Sales report showed 77,718 RB in old crop upland sales in the week that ended on August 9. Vietnam purchased 24,600 RB, with Pakistan buying 16,900 RB. New crop saw a net reduction of 11,691 RB for upland, with 2,800 RB of pima types sold. The Cotlook A index was up 15 points from the previous day at 92.90 cents/lb on August 15. The weekly AWP, currently at 79.67 cents/lb, will be updated on later today.

Oct 18 Cotton is at 82.1, up 102 points,

Dec 18 Cotton is at 81.49, up 75 points

Mar 19 Cotton is at 81.65, up 61 points

May 19 Cotton is at 82.050, up 61 points

Cotton

Cotton futures are trading 58 to 88 points higher this morning on the potential for renewed dialog between the US and China on trade. They posted losses of 175 to 233 points in most contracts on Wednesday. Crude oil was down $2.13/barrel on Wednesday, and the dollar was rising. The dollar is weaker this morning. Weekly export sales will be updated by USDA at 7:30 AM CDT, with the first full week in the 18/19 MY being shown. Carry over from last year puts total export commitments already 38.7% larger than a year ago, with 2019/2020 commitments at 1.328 million RB. The Cotlook A index was down another 250 points from the previous day at 92.75 cents/lb on August 14. The weekly AWP, currently at 79.67 cents/lb, will be updated on Thursday afternoon.

Cotton

Cotton futures posted losses of 175 to 233 points in most contracts on Wednesday. Crude oil was down $2.13/barrel on the day. Friction with Turkey is also causing pressure. Weekly export sales will be updated tomorrow, with the first full week in the 18/19 MY being shown. Carry over from last year puts total export commitments already 38.7% larger than a year ago as of last week’s report, with 19/20 commitments at 1.328 million RB. The Cotlook A index was down another 250 points from the previous day at 92.75 cents/lb on August 14. The weekly AWP, currently at 79.67 cents/lb, will be updated on Thursday afternoon.

Oct 18 Cotton closed at 81.080, down 233 points,

Dec 18 Cotton closed at 80.740, down 230 points

Mar 19 Cotton closed at 81.040, down 210 points

Cotton

Cotton futures are trading 180 to 220 points in the red at midday. Crude oil is currently $2.10/barrel lower on the day, pressuring the market. Weekly export sales will be updated tomorrow, with the first full week in the 18/19 MY being shown. Carry over from last year puts total export commitments already 38.7% larger than a year ago as of last week’s report, with 19/20 commitments at 1.328 million RB. The Cotlook A index was down another 250 points from the previous day at 92.75 cents/lb on August 14. The weekly AWP, currently at 79.67 cents/lb, will be updated on Thursday afternoon.

Oct 18 Cotton is at 81.21, down 220 points,

Dec 18 Cotton is at 80.89, down 215 points

Mar 19 Cotton is at 81.16, down 198 points

May 19 Cotton is at 81.600, down 182 points


Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
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E-mail: alanb@bruglermktg.com
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