Cotton Market News and Commentary
BRUG - Mon Feb 11, 5:08PM CST

Cotton futures posted sharp 123 to 200 point losses on Monday. The US dollar index was 424 points higher on the day. A National Cotton Council producer survey released in San Antonio showed intended planted cotton acreage 2.9% larger than last year at 14.5 million acres. The Cotlook A Index was down 80 points on February 8 to 82.05 cents/lb. The USDA Adjusted World Price is 64.61 cents/lb through Thursday. USDA trimmed their cash average price for cotton on Friday to 71-73 cents, with the mid-point down 2 to 72 cents. China’s ag ministry raised their 18/19 production number by 0.1 to 6.04 MMT, while also raising their import projection by the same to 1.6 MMT.

Mar 19 Cotton closed at 70.550, down 200 points,

May 19 Cotton closed at 71.760, down 193 points

Jul 19 Cotton closed at 73.130, down 188 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.