Cotton Ends Tuesday with Losses

At the close cotton futures were 26 to 72 points weaker. The thin October contract closed down by a penny. The old to new crop inverse widened to 222 points from July to December. 

NOAA’s 7-day QPF shows more rain in the Gulf states for the coming week. S.W. TX will miss out, though the rest of the state should get at least 3/4” to a pocket of 4-5” South of Dallas. OK is also forecasted for rain over the week, but the system weakens eastward with AL/GA only expected to receive 1 1/4” accumulated at most. 

USDA showed 1,301 bales were sold at spot, mainly in E. TX / OK region, in the 5/11 DSQ report. The 5/10 Cotlook A index was back down by 75 points to 94.75 cents/lb. This week’s AWP for cotton is 71.39 cents/lb through Thursday. 

Jul 21 Cotton  closed at 87.75, down 72 points,

Dec 21 Cotton  closed at 85.53, down 57 points,

Mar 22 Cotton  closed at 85.12, down 36 points

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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.