Cotton Market News and Commentary

Cotton futures are mixed on Thursday, with nearby March up 2 points and other contracts lower. Traders are waiting on any news out of the two-day meeting with US and China trade reps. Export sales of upland cotton were reported at a MY high 373,100 RB for the week of 12/20, with 207,113 RB in exports. A total of 25,031 RB was sold to China, with shipments of 32,455 RB. USDA will finally get caught back up with the Export Sales reports by 2/22. The Cotlook A Index was up 20 points on January 30 to 83.55 cents/lb. The USDA Adjusted World Price is 64.90 cents/lb, and will be updated later today.

Mar 19 Cotton is at 74.38, up 2 points,

May 19 Cotton is at 75.65, down 9 points

Jul 19 Cotton is at 76.91, down 11 points

--provided by Brugler Marketing & Management

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