Cotton Market News and Commentary

Cotton futures were 20 to 39 point in positive territory on the Wednesday session. The dollar was weaker on the day. 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. The US and China are still on the schedule for meetings at the end of next week. Informa estimates that 2019 US cotton acreage will total 14.637 million acres. Estimated AWP was 63.06 last week, and computes to 64.07 for the week ending this Thursday.

Mar 19 Cotton closed at 73.520, up 39 points,

May 19 Cotton closed at 74.850, up 32 points

Jul 19 Cotton closed at 76.110, up 28 points

--provided by Brugler Marketing & Management




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