Thursday Recovery for Cotton Futures

Cotton futures show a recovery, with nearby contracts as up by as much as 20 points with gains tailing off through time. The USDA updated weekly export sales for upland cotton, revealing that for the week ending 11/14 a total of 227,600 RB were sold, which was 35.04% behind last week’s multi-year high for weekly sales. That was the third largest for this MY. Another 58,200 RB were sold for 20/21. The shipments through the week ending 11/14 were 137,886 RB which raised the accumulated MY shipments to 2.748 MRB, that is 14.44% above last year’s pace and the highest through the first 16 weeks of the MY since 2008/09. The 11/20 Cotlook A Index was down another 60 points to 74.40 cents/lb. The AWP for cotton will be updated later this afternoon, the current AWP is 57.06 cents/lb.

DEC 19 Cotton is at 62.44, up 20 points,

MAR 19 Cotton is at 64.48, up 20 points

MAY 20 Cotton is at 65.61, up 13 points

JUL 20 Cotton is at 66.61, up 8 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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.