Cotton Market News and Commentary

Cotton futures were 20 to 48 points lower in most contracts on Friday. Nearby March was up 1.93% this week. Traders were taking profits ahead of the long weekend, with pressure also from a higher US dollar. 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 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 closed at 73.890, down 48 points,

May 19 Cotton closed at 75.320, down 34 points

Jul 19 Cotton closed at 76.590, down 20 points

--provided by Brugler Marketing & Management




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