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

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.