Cotton Lower at Midday

Monday cotton trading starts the new week with losses of 7 to 12 points nearby. New crop futures are down 26 to 45 points.

Mississippi and Alabama can receive as much as 6” of rain accumulation according to NOAA’s 7-day QPF. The rest of the gulf will be in the 1-2” range, with accumulation in TX limited to 1 1/2” along the TX/OK boarder.

USDA’s weekly Cotton Market Review cited 10,674 bales sold at spot at an average price of 81.98 cents. The Cotlook A index was back down by a penny to 91.25 cents/lb on 3/19. The AWP for cotton is 71.45 cents/lb for the week.

May 21 Cotton  is at 84.61, down 7 points,

Jul 21 Cotton  is at 85.6, down 12 points,

Dec 21 Cotton  is at 82.06, down 45 points




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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