Cotton

Cotton futures were steady to 81 points higher in most contracts on Monday. There are indications in CFTC data that additional investment money is coming into commodities. China’s cotton imports from the US totaled 69,467 MT during January, with total Jan imports at 133,908 MT. Last Thursday’s Cotton On-Call report indicated that mills reduced their March unfixed call sales position by 6,047 contracts during the week of 2/16. That position was at 2,895 contracts, as May was at 33,128 contracts for that week. The Cotlook A index was down 100 points from the previous day on February 23 at 89.20 cents/lb.

Mar 18 Cotton closed at 81.700, up 25 points,

May 18 Cotton closed at 82.150, up 81 points

Jul 18 Cotton closed at 82.750, up 68 points




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.