Cotton Market News and Commentary

Cotton futures are currently 50 to 77 points higher. They posted 11 to 23 point gains in most contracts on Monday. The nearby contracts were more than 100 points off their intraday highs. The dollar was weaker on Monday but is seeing a Turnaround Tuesday bounce this morning. The US and China met for trade talks in Beijing on Monday and concluded the round today. China has been rolling previous 2018/19 purchases into the 2019/20 delivery period recently. Traders hope the negotiations will put a halt to that demand slippage. Unlike soybeans, there has been little to no reporting of China purchasing cotton as a goodwill gesture. The Cotlook A index was up 1.80 points from the previous day on January 7 at 81.80 cents/lb.

--provided by Brugler Marketing & Management




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