Brugler Marketing and Management, LLC - BRUG - Wed Aug 08, 4:50PM CDT

Cotton futures were down mostly 32 to 83 points on Wednesday, in sympathy with crude oil. WTI Crude saw sharp $2.39 per barrel losses on the day. The weekly USDA Export Sales report will be released at the normal 7:30 a.m. CDT time on Thursday. This report will finish out sales and shipments for the 2017/18 MY. Traders, in general, are expecting NASS to show a reduction to the US cotton production figure on Friday. The Cotlook A index was up 25 points from the previous day at 98.25 cents/lb on August 6. The weekly USDA AWP is currently at 80.06 cents/lb and will be updated on Thursday.

Oct 18 Cotton closed at 87.390, down 83 points,

Dec 18 Cotton closed at 87.180, down 72 points

Mar 19 Cotton closed at 87.470, down 61 points

Market Commentary provided by:

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Fax: 402-289-2353

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