Cotton Market News and Commentary

Cotton futures are posting sharp 136 to 149 point losses on Friday. The US dollar is sharply higher this morning despite the impending government shutdown and stock market meltdown. The bimonthly Cotton Ginnings report showed 12.261 million RB had been ginned as of Dec 15, just 1.996 million RB more than on Dec 1. That was down 12% from the same date in 2017. The Cotlook A index was down 100 points from the previous day on Dec 20 at 85.05 cents/lb. The weekly USDA AWP was updated to 68.35 cents/lb, down 142 points from the week prior.

Mar 19 Cotton is at 73.57, down 149 points,

May 19 Cotton is at 75.04, down 143 points

Jul 19 Cotton is at 76.34, down 136 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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