Cotton Falls Back on Friday

Friday cotton trading left the board 73 to 102 points lower. March 21 was down the most on the day, but Dec was down 237 points from Friday-Friday. Cotton spec traders were net buyers on the week ending 10/27. The weekly CoT report showed a 5,590 contract bump to spec trader OI – leaving the group 70,201 contracts net long. USDA’s weekly Cotton Market Review had the week’s average spot price at 66.19 cents/lb. That was up from 65.72 LW and 4.14 cents better yr/yr. The Cotlook A index for the 29th retreated 145 points to 76.95 cents/lb. The week’s Adjusted World Price for cotton is to 57.37, up 1.66 cents.

Dec 20 Cotton closed at 68.92, down 90 points,

Mar 21 Cotton closed at 69.78, down 102 points

May 21 Cotton closed at 70.58, down 91 points

Jul 21 Cotton closed at 71.26, down 73 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.