Cotton Gaining at Midday

March cotton contracts are in the red so far, but the rest of the board is 9 to 11 points higher. Cotton bookings from the weekly Export Sales update were 119,515 RBs. That was down 57% on the wek and was 66% below the same week last year. China booked 37% of the total sales on the week, and accounts for 45% of the MYTD shipments - @ 3.377m RBs and 7.46m RBs respectively. The Cotlook A index was 50 points higher to 95.10 cents for Feb 18. The week’s new AWP for cotton is 73.13 cents/lb, another 2.81 cents higher wk/wk.

Mar 21 Cotton is at 88.64, down 9 points,
May 21 Cotton is at 90.4, up 10 points
Jul 21 Cotton is at 91.15, up 11 points
Dec 21 Cotton is at 85.19, up 11 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
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.