Cotton Market News and Commentary

Cotton futures posted 77 to 88 point losses in the front months on Monday. The US dollar index was up 247 on the day, with crude oil down 70 cents/barrel to pressure the synthetic markets. The Cotlook A Index was up 5 points on February 1 to 83.75 cents/lb. The USDA Adjusted World Price is 65.07 cents/lb through Thursday, up 17 points from the previous week. The Cotton Systems report from USDA showed November US extra long staple consumption at 1,632 RB, with stocks at 3,186 RB. The next Cotton Ginnings report will be out this Friday.

Mar 19 Cotton closed at 72.760, down 88 points,

May 19 Cotton closed at 74.080, down 85 points

Jul 19 Cotton closed at 75.440, down 77 points

--provided by Brugler Marketing & Management

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