Cotton

Cotton futures are trading 1 to 8 points higher this morning. They posted triple digit losses on Tuesday. Asset allocation models pared down positions in some of last year’s winners, which included cotton. The dollar was down hard and supporting export potential by trading at the lowest level since September. The dollar index is modestly higher this morning. The USDA Adjusted World Price (AWP) was increased 262 points to 70.62 cents/lb on Thursday. The Cotlook A Index for the 29th was UNCH at 89.60.




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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