Cotton Market News and Commentary

Cotton futures are mostly 22 to 39 points lower at Thursday’s midday. The dollar is up 535 points on the day, providing a little pressure to the export driven commodity. A Farm Futures survey estimates 2019 US cotton acres at 14.6 million acres, which is a 4.1% increase from the year prior and well above the recent Cotton Grower estimate. The Cotlook A Index was down 75 points on January 23 to 82.55 cents/lb. Estimated AWP was 64.07 for the past week, with an updated estimate likely to be higher for the coming week.

Mar 19 Cotton is at 73.13, down 39 points,

May 19 Cotton is at 74.55, down 30 points

Jul 19 Cotton is at 75.89, down 22 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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