Cotton Market News and Commentary

Cotton futures are trading 22 to 25 points lower here on Monday after they posted sharp 174 to 188 point losses on Friday. Front month March was down 8% last week. Everybody is pointing at different reasons (global slowdown, 1930’s type economy killing export fight, political mess in Washington) but bottom line is that buyers and bottom pickers are in no hurry to commit. The bimonthly Cotton Ginnings report showed 12.261 million RB had been ginned as of Dec 15, 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 previous prior.

--provided by Brugler Marketing & Management

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