Cotton Market News and Commentary

Cotton futures are trading 18 to 24 points higher this morning. They ended Thursday with most nearby contracts 108 to 112 points higher. Support came from rumors that the US was considering lifting some tariffs on Chinese imports. Those rumors were not confirmed by the USTR or Treasury. The dollar is slightly weaker. The Cotlook A Index was down 55 points on January 16 to 81.90 cents/lb. With the government now in day 27 of the shutdown, we still don’t have a good grip on how exports have been performing over the past month. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

--provided by Brugler Marketing & Management




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