Cotton #2 May '19 (CTK19)
Cotton #2 Futures Market News and Commentary
Cotton futures recovered 34 to 46 points of the Friday drop on Monday. Dec futures closed the day with a 0.71% gain to 62.8 cents/lb. NASS reported that 9% of this year’s crop was opening bolls as of August 9. The 5-yr average is 11%. Also from the weekly update, 71% of new crop cotton had set bolls. That was up 17% wk/wk and 1 ppt ahead of the 5-yr average pace. Cotton conditions were down a stiff 13 points on the Brugler500 to 322. AZ, AS, and CA cotton crops are still very highly rated, but cotton in TX is back below 300 on the Brugler500 index. The Cotlook A index was 71.25 cents/lb on Aug 7, a 40 point bump. The AWP for cotton is 49.44 cents/lb through Thursday. The week’s LDP is 2.56 cents/lb.
Oct 20 Cotton closed at 62.34, up 46 points,
Dec 20 Cotton closed at 62.8, up 44 points
Mar 21 Cotton closed at 63.6, up 41 points
May 21 Cotton closed at 64.21, up 34 points
--- provided by Brugler Marketing & Management
- Softs Report 08/10/2020
COTTON General Comments: Cotton closed a little lower with all of the weakness in prices seen on Friday. West Texas weather remains detrimental for [...]...
- Wheat vs Corn Continuation Spread "Trend Is Your Friend" Trade
This is a Spread Continuation Recommendationwe made last month. Our trend follower strategy is working very well in liquid commodityspreads. In this set...
- Are Sugar prices Going To 15.00 ?
- Mooses in the Markets - Cocoa, Covid and Candy Sales
As the summer starts to come to an end, we look ahead to fall activities and holidays.
- Livestock Report
Hogs rally, cattle markets fall
- Softs Report 08/07/2020
DJ Food Prices Continue Steady Rebound -UN FAO By Will Horner Global food prices rose for a second consecutive month in July as [...]