Cotton Market News and Commentary

Cotton futures are trading 54 to 81 points lower at midday. That is despite a weaker US dollar, though crude is down $1.30/barrel. 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 Cotlook A index was down 165 points from the previous day on Dec 21 at 83.40 cents/lb. The weekly USDA AWP was updated to 68.35 cents/lb, down 142 points from the previous prior.

Mar 19 Cotton is at 72.64, down 54 points,

May 19 Cotton is at 73.95, down 67 points

Jul 19 Cotton is at 75.15, down 81 points

--provided by Brugler Marketing & Management




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