Cotton Market Commentary

Cotton futures are trading both sides of UNCH this morning, with spot December the firmest thus far. They 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 for this date. Parts of TX received subfreezing temps and vulnerable, 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 a sharp 22 points to 299. That was mainly caused by a huge deterioration in GA from Hurricane Michael, down 126 Index 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)

--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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