AgriCharts Market Commentary

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Cotton Market Down Despite Lower Condition Ratings

Cotton futures are 20 to 52 points lower this morning. Monday’s Crop Progress report indicated 32% of the bolls in TX opening as of Sunday, compared to the 15% average. In GA, 22% of the crop had bolls opening vs. the normal pace of 10%. Condition ratings were down 14 points on the Brugler500 index overall, with TX 20 points lower on the week and GA up 5. The Cotlook A Index was unchanged on August 19 at 71.40 cents/lb. The weekly AWP is 52.22 cents/lb through Thursday.

--- provided by Brugler Marketing & Management

Cotton Mixed at the Close

Cotton futures closed anywhere from up 58 points in October to 17 points lower in December. The US dollar index hit the highest level since August 1, but closed lower on the day. Monday’s Crop Progress report indicated 32% of the bolls in TX opening as of Sunday, compared to the 15% average. In GA, 22% of the crop had bolls opening vs. the normal pace of 10%. Condition ratings were down 14 points on the Brugelr500 index overall, with TX 20 poitns lower on the week and GA up 5. The Cotlook A Index was unchanged on August 19 at 71.40 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate.

OCT 19 Cotton closed at 59.76, up 58 points

DEC 19 Cotton closed at 59.07, down 17 points

MAR 20 Cotton closed at 60.03, down 2 points

MAY 20 Cotton closed at 61.11, down 4 points

--- provided by Brugler Marketing & Management

Cotton Prices Higher at Midday

Cotton futures are trading 30 to 58 points higher in a Turnaround Tuesday attempt. The US dollar index is the highest since August 1. Parts of northern TX and the Southeastern US did receive rain over the weekend. Condition ratings were down 7 to 49% gd/ex, with the Brugler500 index down a sharp 14 points to 340. The Crop Progress report on Monday night showed 85% of the cotton crop setting bolls, even with the average pace and with and 24% setting bolls (13% avg). The Cotlook A Index was unchanged on August 19 at 71.40 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate.

OCT 19 Cotton is at 59.76, up 58 points,

DEC 19 Cotton is at 59.54, up 30 points

MAR 20 Cotton is at 60.47, up 42 points

MAY 20 Cotton is at 61.59, up 44 points

--- provided by Brugler Marketing & Management

Cotton Market Higher in Early Going

Cotton futures are trading 15 to 27 points higher in a Turnaround Tuesday attempt. They ended Monday 52 to 97 points lower. The US dollar index is the highest since August 1. Parts of northern TX and the Southeastern US did receive rain over the weekend. The Crop Progress report on Monday night showed 85% of the cotton crop setting bolls, even with the average pace and with and 24% setting bolls (13% avg). Condition ratings were down 7 to 49% gd/ex, with the Brugler500 index down a sharp 14 points to 340. The Cotlook A Index was unchanged on August 16 at 70.90 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate.

Cotton Down on Monday

Cotton futures ended Monday 52 to 97 points lower. Parts of northern TX and the Southeastern US did receive some precipitation this weekend. The Crop Progress report tonight showed 85% of the UC cotton crop setting bolls, even with the average and 24% setting bolls (13% avg). Condition ratings were down 7 to 49% gd/ex, with the Brugler500 index down 14 points to 340. The Cotlook A Index was unchanged on August 16 at 70.90 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate.

OCT 19 Cotton closed at 59.2, down 88 points,

DEC 19 Cotton closed at 59.16, down 97 points

MAR 20 Cotton closed at 60, down 72 points

MAY 20 Cotton closed at 61.11, down 52 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