Cotton Market News and Commentary

Cotton futures are trading 2 to 16 points higher this morning. They were 20 to 48 points lower in most contracts on Friday. Nearby March was up 1.93% for the full week. Traders were taking profits ahead of the 3-day weekend, with pressure also from a higher US dollar. The dollar is firmer again this morning. 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 week ending this Thursday.

--provided by Brugler Marketing & Management




Market Commentary provided by:

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