Cotton Finishes Lower on Wednesday

Wednesday cotton futures were mostly lower in the nearby contracts after Wednesday’s session. Jul contracts made an 8 point climb, but the closer nearbys were lower by 9 to 27 points. The accumulated online sales, as per the Seam, are up to 6,518 bales as of 11/5. Last week’s total sold was 17,146 bales, at an average pace of 2,449 bales per day. The Cotlook A Index for 11/5 had decreased by 35 points, to 74.70 cents/lb. The AWP will be updated tomorrow afternoon, it was last adjusted upwards by 22 points and has been 57.33 cents/lb since 10/31.

DEC 19 Cotton closed at 63.64, down 17 points,

MAR 19 Cotton closed at 65.2, down 27 points

MAY 20 Cotton closed at 66.4, down 9 points

JUL 20 Cotton closed at 67.53, up 8 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.