Cotton Closes in Red

Cotton futures were 39 to 77 points lower at the closing bell. July contracts were down the most with 1.3% losses to 57.57 cents/lb. Dec cotton closed the Thursday session 0.8% lower at 57.54 cents/lb. The online cotton trading platform The Seam reported 1,003 bales sold at an average gross price of 50.21 cents/lb. Last week’s total sales were 4,250 bales. The Cotlook A index was back up 50 points on May 27, to 66.15c/lb. FSA revised the weekly AWP 53 points lower to 47.48 cents/lb. The LDP for the week is 4.52 cents/lb.

Jul 20 Cotton closed at 57.57, down 77 points,

Oct 20 Cotton closed at 57.2, down 43 points

Dec 20 Cotton closed at 57.54, down 49 points

Mar 21 Cotton closed at 58.52, down 46 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

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.