Cotton Rallies Triple Digits

Turnaround Tuesday cotton trading recovered 102 to 168 points. New crop gains were smaller, as the old to new crop inverse widened to 36 points.  A weaker US dollar index made cotton attractive to buyers who float their currency against the dollar. Gold futures were higher, as was Bitcoin. US stock markets were mixed in their opinion about the economy, with the S&P and Russell higher, but the Dow in minus territory.

USDA’s Daily Spot Quotations report showed just 874 bales sold in the 4/13 report. The Cotlook A index was another penny stronger on 4/12 to 89.5 cents/lb. The AWP for cotton for the week is 64.92 cents/lb.

May 21 Cotton  closed at 81.82, up 168 points,

Jul 21 Cotton  closed at 83.19, up 168 points,

Dec 21 Cotton  closed at 81.46, up 102 points




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.