AgriCharts Market Commentary

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Cotton Market News and Commentary

Cotton futures were 9 to 15 points higher in most contracts on Friday, after losses of 3.21% this week. Traders were covering shorts ahead of the long weekend. Delayed CFTC data showed specs adding another 1,303 contracts to their net short position in Cotton futures and options on Jan 22 to 10,038 contracts. The weekly Cotton Classing report from USDA showed that 232,083 bales of upland cotton was classed in the week ending on Thursday. That brings the MY total to 16.273 million bales for upland and 16.986 million bales including Pima. The Cotlook A Index was up 25 points on February 14 to 79.65 cents/lb. The USDA Adjusted World Price was updated to 62.27 cents/lb on Thursday.

Mar 19 Cotton closed at 70.220, up 9 points,

May 19 Cotton closed at 71.860, up 15 points

Jul 19 Cotton closed at 73.240, up 17 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are mixed at midday with the front months down 6 points to a point higher. The weekly Cotton Classing report from USDA showed that 232,083 bales of upland cotton was classed in the week ending on Thursday. That brings the MY total to 16.273 million bales for upland and 16.986 million bales including Pima. The Cotlook A Index was up 25 points on February 14 to 79.65 cents/lb. The USDA Adjusted World Price was updated to 62.27 cents/lb on Thursday. That is good through next Thursday and down 234 points from the week prior.

Mar 19 Cotton is at 70.07, down 6 points,

May 19 Cotton is at 71.69, down 2 points

Jul 19 Cotton is at 73.08, up 1 point

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are trading 13 to 15 points lower this morning. They closed 9 to 33 points higher on Thursday. The Cotlook A Index was down 50 points on February 13 to 79.40 cents/lb. The USDA Adjusted World Price was updated to 62.27 cents/lb this morning. That is good through next Thursday and down 234 points from the week prior. The weekly Export Sales report indicated old crop upland sales of 299,767 RB for the week that ended on 1/3. That was the second largest week total this MY, and 9.19% above the same New Year’s week last year! New crop sales for 2019/20 were tallied at 19,448 RB. FAS expects to get sales reporting caught up to their normal 1 week lag on February 21.

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures closed the Thursday session with most contracts 9 to 33 points in the green. According to sources familiar with the ongoing trade talks (i.e rumors), China has offered to end ‘market distorting subsidies’, though they have given no information on how they would do it. The Cotlook A Index was down 50 points on February 13 to 79.40 cents/lb. The USDA Adjusted World Price was updated to 62.27 cents/lb this morning. That is good through next Thursday and down 234 points from the week prior. The weekly Export Sales report, showing data delayed by the shutdown, indicated old crop upland sales of 299,767 RB for the week that ended on 1/3. That was the second largest week total this MY, and 9.19% above the same New Year’s week last year! New crop sales for 2019/20 were tallied at 19,448 RB.

Mar 19 Cotton closed at 70.130, up 27 points,

May 19 Cotton closed at 71.710, up 31 points

Jul 19 Cotton closed at 73.070, up 33 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are steady to 4 points higher in most contracts on Thursday. The Cotlook A Index was down 50 points on February 13 to 79.40 cents/lb. The USDA Adjusted World Price was updated to 62.27 cents/lb this morning. That is good through next Thursday and down 234 points from the week prior. The weekly Export Sales report, showing data delayed by the shutdown, indicated old crop upland sales of 299,767 RB for the week that ended on 1/3. That was the second largest week total this MY, and 9.19% above the same New Year’s week last year! New crop sales for 2019/20 were tallied at 19,448 RB.

Mar 19 Cotton is at 69.87, up 1 point,

May 19 Cotton is at 71.44, up 4 points

Jul 19 Cotton is at 72.76, up 2 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