Cotton Market News and Commentary

Cotton futures are showing 1 to 11 point gains in most nearby contracts at midday. Crude oil is up $1.34/barrel on the day. US and Chinese trade officials will meet in DC starting today. Traders are waiting to see what comes out of the meetings, with still a month left in the 90-day deadline. The Cotlook A Index was down 25 points on January 29 to 83.35 cents/lb. The USDA Adjusted World Price is 64.90 cents/lb, and will be updated on Thursday afternoon.

Mar 19 Cotton is at 74.16, up 1 point,

May 19 Cotton is at 75.56, up 8 points

Jul 19 Cotton is at 76.88, up 11 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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