Cotton
Brugler Marketing and Management, LLC - BRUG - Fri Aug 10, 7:29AM CDT

Cotton futures are trading 9 lower to 9 higher this morning. They were up 8 to 43 points in most contracts on Thursday, with Oct down 13 points. The weekly USDA Export Sales report showed 17,526 RB of upland cotton export sales in the last week of the 17/18 MY, with 176,600 RB in 18/19 sales. There was a total of 1.528 million RB carried over from 17/18 to 18/19. Sales for the 19/20 MY (a year from now) were shown at 39,478 RB, with 1.328 million RB in sales already accumulated for that year! Shipments in the last week of 17/18 were at 272,800 RB, with 18/19 shipments underway at 43,138 RB. The Cotlook A index was down 40 points from the previous day at 97.85 cents/lb on August 8. The weekly USDA AWP was updated to 79.68 cents/lb today, down 39 points from the previous week.




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