Cotton Down at Midday, Pressured by a Stronger Dollar

Cotton futures are down 29 to 90 points in most contracts on Tuesday, with pressure coming from strength in the US dollar. After Monday’s closing bell, USDA showed US cotton acreage 9% planted, a 2% increase from last week. That was even with the 5 year average and slow vs. the 10% last year. China is selling nearly 1 MMT of cotton from state reserves this year, starting on May 5 and running to Sept 30. The Cotlook A Index was up 50 points at 88.25 on April 18. The weekly Average World Price (AWP) is 68.88, effective through Thursday.

May 19 Cotton closed at 76.290, down 90 points,

Jul 19 Cotton closed at 77.710, down 76 points

Oct 19 Cotton closed at 77.160, down 29 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.