Cotton Market Lower Overnight on Equities and Energy

Cotton futures are trading 22 to 42 points lower this morning. The dollar, energy and equities are all trading lower this morning. They were up 36 to 120 points in most contracts on Thursday. All old crop upland cotton export sales were reported at 238,967 RB by the USDA this morning. That was up 9.84% wk/wk but down 23.4% from this time last year. Turkey was the top buyer of 88,400 RB, with 74,600 RB for India. Chinese purchases totaled 13,095 RB. New crop sales were shown at 48,928 RB, with 17,600 MT to China. Actual shipments for the week of 4/18 totaled 317,980 RB, down 24.35% from the same week last year. The Cotlook A Index was down 55 points at 87.20 on April 24. The weekly Average World Price (AWP) was updated on Thursday to 68.68, down 20 points from last week. --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.