Cotton Closes Higher Tuesday

Cotton futures gained 17 to 29 points in the nearby contracts on Tuesday. Support from a drop to Crop Condition ratings was limited on trade tensions. NASS reported TX at 50% setting bolls, with GA at 79%, both even with normal progress. Ratings overall dropped by 14 points on the Brugler500 index at 350, with TX a major reason, down 26 points. A Chinese auction of state reserves saw just 2,842 MT of cotton sold on Tuesday, which was 30.58% of the total offered. The Cotlook A was down 250 point on August 5 at 70.90 cents/lb. The weekly AWP is 56.96 cents/lb, good through Thursday.

OCT 19 Cotton closed at 58.08, up 17 points,

DEC 19 Cotton closed at 58.76, up 28 points

MAR 20 Cotton closed at 60.02, up 30 points

MAY 20 Cotton closed at 61.42, up 29 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.