Cotton Market News and Commentary

Cotton futures are trading 5 to 28 points lower in the front months on Friday, with a higher dollar at midday. Traders are taking profits ahead of the long weekend. The markets will be closed on Monday in observance of Martin Luther King Jr. day. The Cotlook A Index was up 100 points on January 17 to 82.90 cents/lb. USDA’s showed that 14.949 million bales of upland cotton have been classed as of January 17, with the total including Pima at 15.545 million bales. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

Mar 19 Cotton is at 74.13, down 24 points,

May 19 Cotton is at 75.55, down 11 points

Jul 19 Cotton is at 76.74, down 5 points

--provided by Brugler Marketing & Management




Market Commentary provided by:

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