Cotton Higher on Wednesday

Cotton futures are up 57 to 104 points in the front months on Wednesday. USDA trimmed new crop cash average price for cotton by a penny to 64 cents/lb on Tuesday. For the world numbers, USDA raise old crop leftover stocks by 1.06 million bales to 77.53, with New crop stocks up 1.57 at 77.26 million bales. USDA raised old crop Chinese imports by 250,000 bales but cut consumption by 500,000 bales to 40 million. The Cotlook A index for June 11 was up 50 points from the previous day to 76.85 cents/lb. The weekly Average World Price (AWP) from USDA is now 61.51 cents/lb through Thursday.

Jul 19 Cotton is at 66.65, up 100 points,

Oct 19 Cotton is at 66.5, up 104 points

Dec 19 Cotton is at 65.9, up 86 points

Mar 20 Cotton is at 66.480, up 57 points

--provided by Brugler Marketing & Management

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.