Cotton Futures Up 1 to 39 Points Early

Cotton futures are trading 1 to 39 points higher ahead of the USDA weekly Export Sales report. Yesterday, cotton closed 189 to 296 points weaker. For old crop contracts, that triple digit drop was the 5th consecutive session with a triple digit change in either direction – for a net swing of over that span of +3.67 cents (March). Tuesday sales on The Seam were 14,477 bales for an average gross price of 77.72 cents/lb. USDA’s Daily Spot Quotations reported 6,968 bales sold at spot on 02/10. The Cotlook A index recovered 160 points to 91.10 cents on Feb 9. The AWP for cotton is 66.38 cents/lb, and will be updated after the close.

--- 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.