Wednesday Cotton Down at Midday
BRUG - Wed Nov 27, 12:03PM CST

Cotton futures are 10 to 26 points lower so far in the last session before the Thanksgiving holiday. Participation is expected to be on the light side, as some make it a 4 or even 5 day holiday. Cotton continued Monday’s rally on Tuesday with May futures leading the way (+25 points) at the close. Cash sales started the week off strong with the Seam posting 12,620 bales sold on 11/25. The 11/25 Cotlook A Index regained all of the 85 points from yesterday, back at 74.95 cents/lb. With tomorrows Holiday, the adjusted world price will not be updated until Friday; it is still currently at 56.36 cents per lb from last week. Cert stocks continue to rise, providing liquidity for December futures deliveries.

DEC 19 Cotton is at 64.7, down 20 points,

MAR 19 Cotton is at 65.85, down 10 points

MAY 20 Cotton is at 66.94, down 12 points

JUL 20 Cotton is at 67.62, down 26 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.