Cotton Market Higher Overnight Excluding October

Cotton futures are trading 21 to 23 points higher this morning, ignoring the thinly traded October contract. They saw 80 to 134 point gains in most contracts on Monday. Forecasts are calling for rainfall in most of the Cotton Belt over the next week, slowing planting and causing some concerns due to already saturated ground. USDA reported cotton planting progress at 71% complete, a 14% move from last week. That is vs. the 72% average and 74% last year. The crop was also reported at 8% squared, vs. the normal pace of 7%. Initial condition ratings were at 46% gd/ex, as the Brugler500 was reported at 338. The Cotlook A index for May 231 was up 25 points from the previous day to 80.35 cents/lb. The weekly Average World Price (AWP) is 61.31 cents/lb through Thursday.

--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.