Cotton Market 21 to 67 Lower Overnight
BRUG - Fri May 17, 7:28AM CDT

Cotton futures are trading 21 to 67 points lower this morning. They settled the Thursday session with most contracts steady to 45 points higher. The weekly USDA Export Sales report showed 266,919 RB in old crop upland cotton sales in the week that ended on May 9. That was 48.05% larger than a year ago, as China bought a net 4,798 RB. Turkey was the lead buyer of 70,700 RB, with India at 55,800 RB. New crop sales totaled a 5 week high 176,447 RB. Shipments slipped from the previous week to 362,767 RB, which was down 14.19% from a year ago at this time. That included 64,366 MT to China. The Cotlook A index for May 14 was up 135 points from the previous day to 77.35 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week.

--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.