Cotton Market News and Commentary

Cotton futures are showing 3 to 17 point gains at midday, after dropping nearly 9% the past 6 sessions. Crude oil is showing a bounce at midday, with the US dollar limiting short covering in cotton. Both the CFTC Commitment of Traders and Cotton-On-Call reports will not be released during the current government shutdown. The Cotlook A index was down 175 points from the previous day on Dec 24 at 81.65 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 72.71, up 16 points,

May 19 Cotton is at 73.97, up 17 points

Jul 19 Cotton is at 75.07, up 3 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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