Cotton Market News and Commentary

Cotton futures settled the Thursday session with most contracts 20 to 38 points in negative territory. The dollar was up 428 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 closed at 73.140, down 38 points,

May 19 Cotton closed at 74.590, down 26 points

Jul 19 Cotton closed at 75.910, down 20 points

--provided by Brugler Marketing & Management




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