Cotton

Cotton futures are 22 to 29 points lower in the early Tuesday activity. They were fairly quiet on Monday, as most contracts were within 5 points of UNCH. Upland cotton export commitments are 82% of the USDA projection, with unshipped sales still a big chunk of that number. Friday’s Cotton classing report showed that 598,507 bales of upland cotton were classed for the week that ended January 18. That brings the total for the marketing year to 16.889 million bales. The Cotlook A Index for January 19 was up 50 points from the previous day at 93.35 cents/lb.




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