Cotton Market News and Commentary

Cotton futures were 116 to 150 points in negative territory at Thursday’s close. Nearby March hit 1-year lows earlier today. In outside markets, crude oil was back down today, with the dollar also lower. US and China trade representatives are expected to meet in early January face to face talks as part of the 90-day timeline. The weekly Export Sales will be delayed indefinitely until the government has funding. The Cotlook A index was down 175 points from the previous day on Dec 24 at 81.65 cents/lb. The weekly USDA AWP of 68.35 cents/lb is scheduled for an update today, if the partial government shutdown permits it.

Mar 19 Cotton closed at 72.060, down 144 points,

May 19 Cotton closed at 73.320, down 141 points

Jul 19 Cotton closed at 74.280, down 150 points

--provided by Brugler Marketing & Management

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