Cotton
Cotton futures are 25 to 35 points lower this morning. They closed 5 to 56 points in the red on Monday. The AWP for this week is 68.03 cents/lb. Cotton conditions improved 5% on the week to 66% in the good or excellent categories. The more comprehensive Brugler500 rating was 372, up 9 points. As of Sunday, the crop was 92% planted, vs. 87 last year and the average of 90%. The crop was 15% squared, matching last year and the average of 12%. On Monday, China sold 20,300 MT of the 29,900 MT of cotton offered at an auction of state reserves. Friday’s USDA supply and demand report showed projected 2017/18 US exports being lowered 500,000 bales to 13.5 million bales.



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

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