Cotton

Cotton futures are trading 10 to 15 points lower this morning. They were 1 to 39 points lower in the front months on Thursday, as traders are continuing to take profits. The US dollar index showed strength at the end of the day, up 154 points after President Trump stated he expected to see a stronger dollar. The dollar is back down this morning. Imports of cotton, according to Chinese customs data totaled 100,415 MT during December, down 27.77% from December 2016. There was 35,044 MT from the US, 23.54% lower than the same month last year. The Adjusted World Price was updated by USDA to 75.30 for the week that ends next Thursday, up 85 points from the previous week. Online cash sales on the Seam totaled 13,854 bales on Wednesday, with prices up 457 points, averaging 72.39 cents/lb.




Market Commentary provided by:

Brugler Marketing & Management LLC
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