Cotton Market News and Commentary

Cotton futures found a little bargain buying following losses the previous two sessions, with most contracts 30 to 64 points higher. Last Friday, a total of 16,358 bales of cotton was sold on The Seam at an average price of 68.78 cents. Monday’s trade was a little lighter at just 508 bales @ 58.15 cents. The Cotlook A Index was down 75 points on February 4 to 83.00 cents/lb. The USDA Adjusted World Price is 65.07 cents/lb through Thursday, up 17 points from the previous week. USDA will release updated production data on Friday, which was delayed in January.

Mar 19 Cotton closed at 73.400, up 64 points,

May 19 Cotton closed at 74.690, up 61 points

Jul 19 Cotton closed at 76.040, up 60 points

--provided by Brugler Marketing & Management




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