Cotton Closes week in Red

Cotton futures posted 23 to 34 point losses by Friday’s close. The Commitment of Traders report had managed money more net long on Tuesday. The dollar was at its strongest since September 30th of last year. Cotton spec traders were 33,880 contracts long on Feb 11, the current net long is up to 9 consecutive weeks and counting. OI for the group was 3,749 lower to 57,258 contracts, that is the lowest managed money open interest since 12/24 of 2013! The Seam online cotton trading platform added 2,574 bales sold on 02/13, for an average gross price of 59.42 c/lb. The 02/13 Cotlook A index was 50 points higher to 77.70 cents/lb. The FAS Adjusted World Price for cotton is 58.82 cents/lb.

Mar 20 Cotton closed at 67.41, down 34 points,

May 20 Cotton closed at 68.41, down 22 points

Jul 20 Cotton closed at 69.28, down 22 points

Oct 20 Cotton closed at 69.36, down 23 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
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.