Cotton Market News and Commentary
BRUG - Fri Mar 08, 5:15PM CST

Cotton futures settled with 12 to 38 point gains in the front months on Friday. USDA left the US cotton balance sheet UNCH this morning, with the only adjustment going to the average farm price range, down 2 cents to 69-71. World ending stocks were up 509,000 bales to 76.09 million on larger Brazil production. The Cotlook A Index was down 40 points on March 7 to 82.25 cents/lb. The USDA Adjusted World Price (AWP) was updated to 63.42 cents/ lb on Thursday, up 75 points. The Cotton Ginnings report indicated that 17.471 million bales had been ginned as of March 1, down 10.67% from the same time last year. Spec in cotton futures and options trimmed their net short position, now at 18,301 contracts, by 2,723 contracts in the week of 3/5.

May 19 Cotton closed at 73.490, up 38 points,

Jul 19 Cotton closed at 74.630, up 33 points

Oct 19 Cotton closed at 73.990, up 24 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.