Cotton Market News and Commentary

Cotton futures are 48 to 64 points lower in the nearby contracts on Wednesday. The dollar is weaker at midday. The Cotlook A Index was UNCH on January 22 to 83.30 cents/lb. Export Sales will likely be postponed again this week, as the shutdown is in day 33 with the two sides seemingly still far apart. Economic advisor Kudlow denied rumors that any meetings with China had been cancelled. The two countries are scheduled for meetings at the end of next week. Estimated AWP was 63.06 last week, and computes to 64.07 for the week ending this Thursday.

Mar 19 Cotton is at 73.77, up 64 points,

May 19 Cotton is at 75.07, up 54 points

Jul 19 Cotton is at 76.31, up 48 points

Oct 19 Cotton is at 74.960, up 51 points

--provided by Brugler Marketing & Management




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