Cotton Lower at Midday

Cotton futures are showing losses of 17 to 51 points in the front months on Friday. On Thursday evening President Trump added a 5% tariff on all imports from Mexico (effective 6/10) and the US stock market tanked. The 7-day QPF shows heavy rainfall totals in northern TX over the next week, causing some concern over planting delays and crop health. Cotton export sales in the week that ended on May 23 were tallied at 288,732 RB for old crop. The lead buyer was Vietnam of 120,700 RB, with India at 77,700 RB. New crop sales totaled 136,212 RB, with Mexico buying 23,600 RB and China at 15,400 RB. The Cotlook A index for May 28 was down 50 points from the previous day to 80.10 cents/lb. The weekly Average World Price (AWP) is now 61.31 cents/lb good through next Thursday, up 194 points from last week.

Jul 19 Cotton is at 69.13, down 21 points,

Dec 19 Cotton is at 67.93, down 39 points

Mar 20 Cotton is at 68.380, down 56 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

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.