Cotton futures are 30 to 40 points higher this morning after they lost 78 to 93 points on Thursday. The USDA cut the US cotton yield 19 pounds to 889 pounds per acre, due mostly to the hurricanes. That lowered US production 0.64 million bales to 21.12 million bales. Expected exports also fell to 14.5 million bales. Projected US ending stocks were trimmed 200,000 to 5.8 million bales. World ending stocks were lowered just 0.16 to 92.38 million bales. The Cotlook A index for October 11 was again UNCH from the previous day at 78.80 cents/lb. All upland cotton prevent plant acres were reported at 115,472 acres in the October report, insignificantly larger than last year.

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.