Cotton is Mixed at Midday
BRUG - Tue Nov 26, 12:03PM CST

Dec cotton futures are lower, by 3 cents at midday, but the rest of the nearby contracts are showing gains of 5 to 17 points to follow up Monday gains. Cotton rallied on Monday with gains tapering off in the back months. USDA cotton ginnings report data showed that as of Nov 15th 9.143 Million bales had been ginned. That was up 32.72% over last November and 48% over the 15 year average; and was the highest ginnings figure for November since 2012/13. Cotton harvest progressed 10 percentage points over last week, per the crop progress report. The 78% completion is 4 percentage points ahead of the average pace, and 10 points above last year’s pace. AL is 8 percentage points above their average pace, and SC is 14 points ahead of their average harvest pace. The 11/25 Cotlook A Index was down 85 points higher at 74.10 cents/lb. The AWP for cotton is 56.36 cents per lb. and effective through Friday.

DEC 19 Cotton is at 64.66, down 3 points,

MAR 19 Cotton is at 65.97, up 17 points

MAY 20 Cotton is at 66.95, up 14 points

JUL 20 Cotton is at 67.63, up 5 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.