Cotton

Cotton futures are 72 to 86 points in the green at midday, with support coming from the dollar. The US dollar is weaker at the moment following the President’s lengthy State of the Union speech last night. The USDA Export Sales report will be released tomorrow morning per usual. The Cotlook A index on January 30 was at 88.85 cents/lb, down 205 points from the previous day. Online cash sales on Tuesday totaled 2,709 bales, with prices down 73 points to 68.61 cents/lb.

Mar 18 Cotton is at 77.74, up 71 points,

May 18 Cotton is at 78.82, up 85 points

Jul 18 Cotton is at 79.51, up 84 points




Market Commentary provided by:

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