Cotton Futures 39 to 43 Higher

Cotton futures are trading 39 to 43 points higher this morning. They fell 16 to 26 points on Friday with March futures the firmest. March futures closed 29 points higher for the week. The rate of expansion in Wuhan coronavirus cases appeared to have slowed slightly on the weekend. It is now over 40,500 cases, with 910 fatalities. The latest Commitment of Traders report from the CFTC had cotton spec traders 33,435 contracts net long on Feb 4. That was a weaker net long wk/wk, due to 2,968 managed money longs closing their position. The Seam reported 6,417 bales sold at an average gross price of 59.07 c/lb on 02/06, WTD sales through Thursday were up to 19,748 bales. The 02/06 Cotlook A index was steady, and remains at 76.55 cents/lb. The updated AWP for cotton is 58.44 cents/lb.

--- 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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.