Cotton Market News and Commentary

Cotton futures are trading 3 to 10 points lower this morning. Most contracts were 16 to 26 points higher yesterday. US Census trade data shows cotton exports at 681,328 bales during November, 6.2% below the previous year but 11.96% larger than October. Of the total 107,296 bales went to China. US Trade Rep Lighthizer and Trade Sec Mnuchin are expected to head to China next week for another round of trade talks. The Cotlook A Index was down another 75 points on February 5 to 82.25 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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