Triple Digit Takeback for Cotton

Cotton futures rallied 49 to 103 points in the front month futures. March futures ended the week with a 1 point loss. In the weekly Commitment of Traders report with data and positions from Tuesday the 14th, managed money was listed at 30,263 contracts net long, the highest position on net in 56 weeks. The net long grew wk/wk as spec trader OI shorts were 3,909 lower and longs were 5,475 higher wk/wk. . The Seam online cotton trading platform added another 6,719 bales sold on 01/16, with an average gross price of 59.19 cents/lb. The Cotlook A index dropped a full penny to 79.20 on 01/16. The AWP for cotton was 61.40 cents/lb, and is good through Thursday.

Mar 20 Cotton closed at 71.25, up 103 points,

May 20 Cotton closed at 72.19, up 100 points

Jul 20 Cotton closed at 73.06, up 98 points

Oct 20 Cotton closed at 72.92, up 49 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.