Cotton Market News and Commentary

Cotton futures are showing 42 to 53 point gains on Friday, with support coming from a weaker US dollar. The Cotlook A Index was up 45 points on January 24 to 83 cents/lb. With the FSA offices back open, USDA released their updated Adjusted World Price on Thursday @ 64.90 cents/lb. USDA’s Cotton Classing report showed that 486,929 bales of upland cotton was classed in the week of 1/24. That brought the season total to 15.417 million upland, with the total cotton including Pima at 16.044 million bales.

Mar 19 Cotton is at 73.6, up 46 points,

May 19 Cotton is at 75.09, up 50 points

Jul 19 Cotton is at 76.44, up 53 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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