Cotton Market Cautiously Lower Ahead of Export Sales

Cotton futures are trading 1 to 14 points lower this morning. They saw traders taking money off the table ahead of the July 4th Holiday, with March up 3 points on Wednesday but active December down 4. May trade data released by Census indicated cotton exports of 1.831 million bales for the month. That was a 8.23% drop from last year’s record but up 4.12% from April. The Cotlook A index for July 2 was UNCH from the previous day at 77.60 cents/lb. The USDA AWP was 58.32 cents/lb through Thursday, with Federal offices closed for the 4th.

--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.