Cotton Market News and Commentary

Cotton futures are up 12 to 25 points at midday. A Tuesday bounce in crude oil is supportive to cotton. The US dollar continues to weaken vs. the Chinese yuan, which could eventually give them some more buying power. The Cotlook A Index was up 100 points on January 28 to 83.6 cents/lb. The USDA Adjusted World Price is 64.90 cents/lb, effective through Thursday. The monthly WASDE report won’t be released until February 8. Yields, of course, continue to be changed monthly as ginning data is received.

Mar 19 Cotton is at 74.1, up 25 points,

May 19 Cotton is at 75.47, up 15 points

Jul 19 Cotton is at 76.76, up 12 points

--provided by Brugler Marketing & Management




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