Mixed Close for Cotton

Monday’s wide ranged session concluded with mixed prices. Front month futures were down 5 to 29 points at the bell, while the other nearbys gained 10 to 19 points. 

Crop Progress data from NASS showed 86% of cotton bolls were opened as of 10/17. That compares to 88% on average. Cotton harvest had advanced 8% points through the week to now 28% complete. The 5-year average is to be a third of the way done by 10/17. 

The DSQ from 10/18 showed 2,244 bales were added to the program, bringing the season’s total to 73k bales. The daily Classings update showed 16,549 bales of upland cotton was classed on 10/18. The Cotlook A index was another 315 points higher on 10/18, up to 116.20 cents. The AWP for cotton is 92.88 cents/lb. 

Dec 21 Cotton  closed at 107.04, down 29 points,

Mar 22 Cotton  closed at 104.95, down 5 points,

May 22 Cotton  closed at 104.07, up 10 points

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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E-mail: alanb@bruglermktg.com
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