Cotton Showing Gains on Turnaround Tuesday
BRUG - Tue Aug 13, 12:29PM CDT

Cotton futures are trading 64 to 127 points higher at midday. Monday’s monthly update to the US cotton balance sheets showed a 280,000 bale reduction to 18/19 exports at 14.22 million bales. New crop projections show a 200,000 bale jump to new crop shipments at 17.2 million bales. USDA also dropped the average farm price projection by 3 cents to 60 cents/lb. NASS Crop Progress data showed 77% of the crop setting bolls (76% avg), with 20% of the crop with bolls opening (10% avg). Condition ratings were up 2% to 56% gd/ex, with the Brugler500 index up 5 to 354. By state, TX was up 11 points, with GA down the same. The Cotlook A was down 65 points on August 12 at 70.35 cents/lb. The weekly AWP is 52.67 cents/lb, through Thursday.

OCT 19 Cotton is at 59.3, up 127 points,

DEC 19 Cotton is at 59.14, up 100 points

MAR 20 Cotton is at 59.75, up 85 points

MAY 20 Cotton is at 60.79, up 64 points

--provided by Brugler Marketing & Management




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