Cotton Market News and Commentary

Cotton futures are trading 32 to 53 points lower to start the week on a stronger US dollar. They ended the Friday session with most contracts 50 to 76 points lower. USDA’s weekly Cotton Classing report showed that 338,541 bales of upland cotton was classed in the week of 1/31, bringing the upland total to 15.775 million bales this MY. Including pima, the total stands at 16.412 million bales. The Cotlook A Index was up 15 points on January 31 to 83.70 cents/lb. The USDA Adjusted World Price is 65.07 cents/lb through Thursday, up 17 points from the previous week.

--provided by Brugler Marketing & Management




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