Cotton Gaining at Midday

March cotton contracts are in the red so far, but the rest of the board is 9 to 11 points higher. Cotton bookings from the weekly Export Sales update were 119,515 RBs. That was down 57% on the wek and was 66% below the same week last year. China booked 37% of the total sales on the week, and accounts for 45% of the MYTD shipments - @ 3.377m RBs and 7.46m RBs respectively. The Cotlook A index was 50 points higher to 95.10 cents for Feb 18. The week’s new AWP for cotton is 73.13 cents/lb, another 2.81 cents higher wk/wk.

Mar 21 Cotton is at 88.64, down 9 points,
May 21 Cotton is at 90.4, up 10 points
Jul 21 Cotton is at 91.15, up 11 points
Dec 21 Cotton is at 85.19, up 11 points

--- provided by Brugler Marketing & Management




<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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