Cotton

Cotton futures are showing sharp losses on Monday, as most nearby contracts are 208 to 214 points lower. The US dollar is pressuring the market lower, along with profit taking. Export commitments of upland cotton are now 21% above last year, but the lead shrank 5.4% from a week ago on the lower weekly sales. 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. The Cotlook A index on January 25 was at 92.85 cents/lb, down 45 points from the previous week. Online cash sales on Friday totaled 12,648 bales, with prices down 333 points to 72.96 cents/lb.

Mar 18 Cotton is at 78.4, down 208 points,

May 18 Cotton is at 79.14, down 208 points

Jul 18 Cotton is at 79.58, down 214 points

Oct 18 Cotton is at 75.270, down 133 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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