Cotton Futures Add to Tuesday Gains

Cotton futures are trading 6 to 30 points higher this morning, following the broad ag commodity buying pattern. At the close for the Tuesday session, front month cotton futures were 46 to 57 points higher.

Cotton sales reported on The Seam were 1,900 bales for an average price of 51.24 c/lb on 4/19. USDA’s 4/20 DSQ reported 1,674 bales sold, and left basis at -4.18 cents/lb. The MYTD spot sales were up to 1.33m bales. The Cotlook A index was 91.00 cents/lb for 4/19 after dropping 125 points. USDA’s AWP for cotton is 68.16 cents/lb, good through Thursday.

May 21 Cotton  closed at 83.77, up 51 points, and up 19 this morning

Jul 21 Cotton  closed at 85.17, up 46 points, now up 30 more

Dec 21 Cotton  closed at 83.06, up 56 points, now up another 6

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.