Firmness for Midday Cotton

Cotton prices are 22 to 45 cents in the red at midday, after fading from earlier limit gains.  

FAS Export Sales data for the week that ended 10/7 showed 146,653 RBs of cotton was booked. That was a 6 week low. Total commitments were 7.62m RBs, which is down 7.5% from last season’s pace. Export shipments totaled just 95,164 RB. 

The Cotlook A index was 225 points weaker on 10/14 to 113.05 cents. Cotton sales on The Seam were reported at 4,892 bales for Wednesday at an average cash price of $1.015/lb. USDA’s Daily Spot Quotations report showed 6,662 bales were added to the program on 10/14. The new AWP for cotton was 1.07 cents higher to now 92.88 cents/lb.  

Dec 21 Cotton  is at 106.65, down 45 points, 

Mar 22 Cotton  is at 104.73, down 22 points, 

May 22 Cotton  is at 103.5, down 47 points 

Market Commentary provided by:

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

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