Cotton Market News and Commentary

Cotton futures are trading 2 to 14 points higher after the holiday break. They ended Monday with most contracts steady to 19 points higher, with news limited at year end. The US dollar was lower on the day with crude oil higher, generally supportive to commodity prices. The dollar is stronger this morning, and the S&P futures are sharply lower. The presidents of the US and China confirmed another phone call between them, both making nice ahead of scheduled negotiations. The Cotlook A index was 130 points from the previous day on Dec 27 at 80.55 cents/lb. The ICAC continues to expect that Chinese cotton inventory will be at the lowest level since 2011/12 by the end of the marketing year (7.6 MMT). --provided by Brugler Marketing & Management

Market Commentary provided by:

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