AgriCharts Market Commentary

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Cotton

Cotton futures posted sharp 175 to 250 point gains in the nearby contracts on Wednesday. The US dollar index was not much factor on the day, up 484 points. Drier weather is seen over most of TX during the next week. The Cotlook A index was down 60 points from the previous day at 93.20 cents/lb. The Adjusted World Price, effective through Thursday, is currently at 74.16 cents/lb. China sold 14,648 MT of cotton from states reserves on Wednesday, totaling 48.82% of the total offered.

May 18 Cotton closed at 84.760, up 250 points,

Jul 18 Cotton closed at 83.940, up 243 points

Oct 18 Cotton closed at 80.890, up 175 points

Cotton

Cotton futures are posting strong triple digit gains in most nearby contracts at midday. The US dollar index is not having much of a factor at the moment, up 341 points. Drier weather is seen over most of TX during the next week. The Cotlook A index was down 60 points from the previous day at 93.20 cents/lb. The Adjusted World Price, effective through Thursday, is currently at 74.16 cents/lb. China sold 14,648 MT of cotton from states reserves on Wednesday, totaling 48.82% of the total offered.

May 18 Cotton is at 84.52, up 226 points,

Jul 18 Cotton is at 83.66, up 215 points

Dec 18 Cotton is at 78.760, up 117 points

Cotton

Cotton futures are trading 47 to 63 points higher in the front months this morning. They finished the Tuesday session with triple digit losses in most contracts, as nearby May was down 93 points. Planting progress was slow moving over the past week in most states. TX was 14% planted as of Sunday, with GA 4% complete. Of the 15 states reported, 7 showed no acres planted, with KS typically the only state to show no progress. Customs data from China shows March imports of 107,502 MT, down 11.09% from a year ago. Imports of US origin were down 10.69% at 78,088 MT. The Cotlook A index was up 185 points from the previous day at 93.80 cents/lb.

Cotton

Cotton futures finished the Tuesday session with sharp triple digit losses in most contracts, as May was down 93 points. Planting progress was slow moving over the past week in most states. TX was 14% planted as of Sunday, with GA 4% complete. Of the 15 states reported, 7 showed no acres planted, with KS typically the only state to show no progress. Customs data from China shows March imports of 107,502 MT, down 11.09% from a year ago. Imports of US origin were down 10.69% at 78,088 MT. The Cotlook A index was up 185 points from the previous day at 93.80 cents/lb.

May 18 Cotton closed at 82.260, down 93 points,

Jul 18 Cotton closed at 81.510, down 261 points

Oct 18 Cotton closed at 79.140, down 202 points

Cotton

Cotton futures are currently 24 to 86 points lower on Tuesday, with nearby May up 61 points. Planting progress was slow moving over the past week in most states. TX was 14% planted as of Sunday, with GA 4% complete. Of the 15 states reported, 7 showed no acres planted, with KS typically the only state to show no progress. Customs data from China shows March imports of 107,502 MT, down 11.09% from a year ago. Imports of US origin were down 10.69% at 78,088 MT. The Cotlook A index was up 185 points from the previous day at 93.80 cents/lb.

May 18 Cotton is at 83.8, up 61 points,

Jul 18 Cotton is at 83.26, down 86 points

Oct 18 Cotton is at 80.92, down 24 points

Dec 18 Cotton is at 79.050, down 30 points


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