Cotton Market News and Commentary

Cotton futures are trading 1 to 2 points higher this morning. They were down 23 to 36 points on Monday, as pressure came from crude oil, down $1.70/barrel. The US dollar continues to weaken vs. the Chinese yuan, which could eventually give them some more buying power. The Cotlook A Index was down 40 points on January 25 to 82.6 cents/lb. The USDA Adjusted World Price is 64.90 cents/lb, effective through Thursday. As the USDA employees get back to work, we should start seeing Export Sales and other reports. There is still a back log of data, so it may take a while to get everything sorted out. The monthly WASDE report won’t be released until February 8. Yields, of course, continue to be changed monthly as ginning data is received.

--provided by Brugler Marketing & Management




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