Cotton Market News and Commentary

Cotton futures posted 62 to 114 point losses in the nearby contracts on Wednesday. The Fed announced a 0.25% interest rate hike on Wednesday afternoon as most had expected. They also announced a projected 2 more hikes during 2019, down from 3 previously. USDA will release the weekly Export Sales report at it’s normal 7:30 AM CST release. The Cotlook A index was down 100 points from the previous day on Dec 18 at 86.80 cents/lb. The weekly USDA AWP was updated to 69.77, good through Thursday.

Mar 19 Cotton closed at 76.710, down 114 points,

May 19 Cotton closed at 78.010, down 103 points

Jul 19 Cotton closed at 79.130, down 95 points

--provided by Brugler Marketing & Management




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