AgriCharts Market Commentary

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Cotton

Cotton futures settled the Friday session with most contracts down 30 to 41 points. A weaker dollar helped to limit losses in the cotton. December was down 4.51% over the course of the week. As of last Tuesday, spec funds in cotton futures and options cut their net long position by 9,688 contracts to 76,672 contracts. The Cotlook A index was down 215 points from the previous day at 90.75 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 81.750, down 38 points,

Dec 18 Cotton closed at 81.390, down 41 points

Mar 19 Cotton closed at 81.710, down 30 points

Cotton

Cotton futures are down 25 to 46 points in most front month contracts at Friday’s midday. A weaker dollar is helping to limit losses in the cotton. US Export commitments for upland cotton are now 35.8% above the same week in 2017. They are already 58% of the current 18/19 USDA export projection, with the typical pace at 35%. The Cotlook A index was down 215 points from the previous day at 90.75 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 is at 81.75, down 38 points,

Dec 18 Cotton is at 81.34, down 46 points

Mar 19 Cotton is at 81.6, down 41 points

May 19 Cotton is at 82.080, down 25 points

Cotton

Cotton futures are trading 25 to 50 points lower this Friday morning. They were 83 to 106 points higher in most front months on Thursday, on the potential for renewed trade dialog between the US and China. 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. Upland cotton exports totaled 240,271 RB in that week, which was 19.92% larger than last year. US Export commitments for upland cotton are now 35.8% above the same week in 2017. 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.

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


Market Commentary provided by:

Brugler Marketing & Management LLC
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