Cotton Market Higher at Midday

Cotton is up 68 to 96 points on Friday trading so far. The dollar is stronger, and equity futures are modestly lower. Census data for February cotton exports totaled 1.97 million (480-lb) bales. That was 32.7% above Feb ’19. USDA’s GAIN report released initial estimates on India’s 2020/21 cotton crop at 28.78 million (480 lb) bales. That would be a 2% drop in production yr/yr, citing a decline in harvested acreage. The April 2 Cotlook A index was back down to 59.15 c/lb, 235 points lower. The AWP for cotton was lowered to 42.63 cents/lb. The LDP increased to 9.37 cents/lb, and both are in effect through next Thursday.

May 20 Cotton is at 50.67, up 68 points,

Jul 20 Cotton is at 50.72, up 96 points

Oct 20 Cotton is at 51.02, unch

Dec 20 Cotton is at 52.01, up 89 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
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.