Cotton futures are 24 to 25 higher this morning after they were steady to 60 points in the green on Wednesday. A sharply lower US dollar index did not appear to have much effect on the already elevated market. The weekly USDA Export Sales report will be delayed until Friday by the FAS due to Monday’s government shutdown. Online cash sales on the Seam totaled 10,098 bales on Tuesday, with prices down 393 points, averaging 68.39 cents/lb. The Cotlook A Index for January 22 was UNCH from the previous day at 94.10 cents/lb.

Market Commentary provided by:

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