Cotton Closes Tuesday with Gains
BRUG - Tue Nov 12, 4:51PM CST

Cotton futures closed 13 to 35 points higher today, with gains dwindling through the nearby futures contracts. Cotton harvesters tried to get ahead of this week’s forecasted wet weather, as the USDA crop progress report indicated cotton harvest is about a week ahead of last year’s pace, and is 3 percentage points ahead of average with 62% of the 19/20 crop harvested. Online cash sales reported on The Seam from Veteran’s Day were 1,130 bales, last week’s total was 20,117 bales at a weekly average (average) price of 57.86 cents/bale. The Cotlook A Index for 11/11 was 55 points higher to 75.95 cents/lb. The AWP will remain at 56.63 cents/lb through Thursday.

DEC 19 Cotton closed at 64.64, up 35 points,

MAR 19 Cotton closed at 66.4, up 32 points

MAY 20 Cotton closed at 67.59, up 23 points

JUL 20 Cotton closed at 68.62, up 13 points

--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.