Cotton Market Commentary

Cotton futures closed the Tuesday session with most contracts down 30 to 54 points. The Tuesday edition of the weekly Crop progress report showed that the US cotton crop had 78% of the bolls open (74% avg) and 25% harvested (18% avg). Condition ratings were seen steady at 42% gd/ex, with the Brugler500 @ 321. Georgia is in the path of Hurricane Michael and had 88% of their bolls open, with only 12% harvested. Estimates ahead of Thursday’s monthly USDA report are showing production down slightly from September. Cotlook A index was up 5 points from the previous day at 85.40 cents/lb on October 8. The USDA weekly AWP was updated to 67.87 cents/lb, down 207 points from the previous week.

DEC 18 Cotton closed at 77.06, down 49 points

MAR 19 Cotton closed at 78.12, down 37 points

MAY 19 Cotton closed at 78.85, down 36 points

--provided by Brugler Marketing & Management (402) 289-2330




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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Web: http://bruglermarketing.com

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