Cotton Limit Lower on Trade Fears
BRUG - Mon May 13, 5:22PM CDT

Cotton futures settled Monday with the front months down the limit. Tuesday will show expanded limits of 4 cents. Trade tensions are rising, as China is planning on raising tariffs on $60 billion of US goods to counter the US hike from last week. US planting progress was reported at 26% in the Monday afternoon Crop Progress report, vs. the 32% average and 34% last year. The Cotlook A index for May 10 was down 120 points from the previous day to 80.70 cents/lb. The weekly Average World Price (AWP) is now 64.65 cents/lb, down 3.62 cents from last week.

Jul 19 Cotton closed at 65.450, down 300 points,

Oct 19 Cotton closed at 66.650, down 300 points

Dec 19 Cotton closed at 66.400, down 300 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.