Cotton Market News and Commentary

Cotton futures are trading 34 to 36 points higher this morning. They were 116 to 150 points in negative territory at Thursday’s close and testing Gann support. Nearby March hit a 1-year low. In outside markets, crude oil was back down today, with the dollar also lower. The weekly USDA Export Sales report scheduled for today will be delayed indefinitely until the FAS division 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 was not updated on Thursday.

--provided by Brugler Marketing & Management




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