Cotton futures are currently 69 to 80 points lower on Tuesday’s midday, with pressure coming from profit taking and lower crude. Friday’s Cotton Classing report showed 572,005 bales of upland cotton were classed during the week of Jan 25. That brings the total to 17.461 million bales so far this year. The Cotlook A index on January 29 was at 90.90 cents/lb, down 150 points from the previous day. Online cash sales on Monday totaled 7,688 bales, with prices down 298 points to 69.34 cents/lb.

Mar 18 Cotton is at 77.56, down 80 points,

May 18 Cotton is at 78.46, down 73 points

Jul 18 Cotton is at 79.1, down 69 points

Market Commentary provided by:

Brugler Marketing & Management LLC
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