Cotton

Cotton futures are trading 48 to 50 points lower this morning. They saw losses of 34 to 115 points on Tuesday, on a little bit of profit taking. The USDA Cotton Ginnings report showed 17.43 million RB had been ginned as of January 15. That was a 1.277 million RB jump since Jan 1 and is 17% larger than this time last year. Online cash sales on the Seam totaled 19,538 bales on Monday, with prices down 36 points, averaging 72.32 cents/lb. The Cotlook A Index for January 22 was up 75 points from the previous day at 94.10 cents/lb.




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