Cotton Market Higher Ahead of Key USDA Reports

Cotton futures are trading 41 to 52 points higher ahead of the USDA crop reports. They settled mixed on Wednesday, with nearby Oct down 10 points and other front months 3 to 11 points higher. China has given tariff exemptions on 16 US products, though it does not include any of the main ag commodities. USDA will give us an updated look at the US and World balance sheets later this morning, with traders generally expecting a smaller yield estimate due to declining crop conditions. The hurricane came after most of the data was likely collected. The Cotlook A Index was down 45 points on September 10 at 70.60 cents/lb. The weekly AWP is 51.57, below loan rate and will be updated on Thursday.

-- 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.