Cotton Market Commentary

Cotton futures were 16 to 35 points higher in most contracts on Monday. NASS showed that 85% of the US cotton crop had bolls open as of Sunday, 2% above normal. The crop was 32% harvested, vs. the 25% average. Parts of TX received subfreezing temps overnight, with USDA showing 79% of the bolls open as of 10/14. Condition ratings for that week fell 7% to 35% gd/ex, with the Brugler500 index down 22 points to 299. That was mainly caused by a huge deterioration in GA from Hurricane Michael, down 126 points to 234. The Cotlook A index was UNCH from the previous day at 86.15 cents/lb on October 12. The USDA weekly AWP is 67.73 cents/lb, and effective through this Thursday. China set their 2019 Tariff Rate Quota at the base WTO requirement 894,000 MT (~4.1 million bales)

Dec 18 Cotton closed at 78.720, up 35 points,

Mar 19 Cotton closed at 79.840, up 29 points

May 19 Cotton closed at 80.650, up 24 points

--provided by Brugler Marketing & Management (402) 289-2330




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

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