Cotton Market Commentary
cmdty Insider - BRUG - Thu Oct 11, 5:20PM CDT

Cotton futures settled with most contracts steady to 20 points higher on Thursday. NASS added 80,000 bales to the US production number on Thursday @ 19.76 million bales, with slightly lower acreage but yield up 6 lbs to 901 lb/ac. Ending stocks were up 300,000 bales to 5 million on a reduction to projected exports. World carryout for 18/19 was trimmed by 3 million bales to 77.45 million bales, mainly on historical revisions to India. The Cotton Ginnings report showed that 1.287 million bales had been ginned as of 10/1, 3% larger than the same time last year. Cotlook A index down 50 points from the previous day at 86.35 cents/lb on October 10. The USDA weekly AWP was updated to 67.73 cents/lb, down 14 points from the week prior.

DEC 18 Cotton closed at 76815, up 1 points,

MAR 18 Cotton closed at 78.1, up 6 points

MAY 19 Cotton closed at 79.06, up 20 points

JUL 19 Cotton closed at 79.59, up 7 points

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




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