Cotton Higher again at Midday

Front month cotton futures are trading with gains of 45 to 92 points so far for the midweek session. The US dollar index is weaker, supporting commodities priced in dollars. Old crop futures are now 2.35 cents/lb off the lows from the end of March.

USDA’s Daily Spot Quotations report showed just 874 bales sold in the 4/13 report. The Cotlook A index was back down by 210 points on 4/13 to 87.40 cents/lb. USDA’s AWP for cotton is 64.92 cents/lb through Thursday.

May 21 Cotton  is at 82.56, up 74 points,

Jul 21 Cotton  is at 83.92, up 73 points,

Dec 21 Cotton  is at 81.91, up 45 points

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.