Cotton

Cotton futures are nearing limit losses on Tuesday, after bearish news from the WASDE this morning. The USDA raised the 2017 US cotton yield 16 lbs/ac to 902 lbs/ac in this morning’s supply and demand report. Average yields were raised in all states except AR and GA. US 2017 production rose 1.21 million bales to 21.76 bales. US new crop ending stocks rose 0.2 million bales to 6 million bales. World ending stocks for 2017/18 jumped 2.45 million bales 92.54 million bales. As of Sunday, 9% of the crop was harvested, compared to the average of 4%. Conditions fell 2% to 63% gd/ex, as the Brugler500 was down 2 to 365. The Cotlook A index for September 11 was35 points higher at 84.4 cents/lb.

Oct 17 Cotton is at 70.75, down 296 points,

Dec 17 Cotton is at 69.11, down 300 points

Mar 18 Cotton is at 68.52, down 295 points

May 18 Cotton is at 69.100, down 266 points




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

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