Cotton Market News and Commentary

Cotton futures are trading 6 to 14 points higher this morning in a modest Turnaround Tuesday effort. They posted 77 to 88 point losses in the front months on Monday. The US dollar index was up 247 on Monday, with crude oil down 70 cents/barrel to pressure the synthetic fiber markets. The dollar was also firmer overnight. 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.

--provided by Brugler Marketing & Management




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