Cotton Closes Triple Digits Lower

Cotton futures were down 112 to 155 points ahead of the weekend. May futures were 249 points lower from Friday to Friday. The weekly CoT report showed managed money cotton funds were 15,255 contracts net short on 03/24. That is the largest net short in 23 weeks. Managed money OI was down 3,576 contracts wk/wk to 53,551 contracts. Spec trader OI as of Tuesday was the lowest it’s been since 02/14 of 2012. The 03/26 Cotlook A index was back up 50 points to 63.55 c/lb. The AWP for cotton was 496 points lower than the previous week, at 44.99. The LDP is 7.01.

May 20 Cotton closed at 51.33, down 145 points,

Jul 20 Cotton closed at 51.28, down 155 points

Oct 20 Cotton closed at 53.34, down 137 points

Dec 20 Cotton closed at 53.49, down 112 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.