Cotton Market News and Commentary

Cotton futures saw losses of 63 to 92 at Monday’s early close. That was despite a weaker US dollar, though crude was down $2.91/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 closed at 72.550, down 63 points,

May 19 Cotton closed at 73.800, down 82 points

Jul 19 Cotton closed at 75.040, down 92 points

--provided by Brugler Marketing & Management

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