Cotton Market News and Commentary

Cotton futures are posting 76 to 105 point losses on Wednesday after an overnight rally attempt fizzled. A sharply higher US dollar is pressuring the market with a lack of export data to be supportive. The Cotlook A index was 25 points from the previous day on Dec 31 at 80.80 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).

Mar 19 Cotton is at 71.15, down 105 points,

May 19 Cotton is at 72.56, down 94 points

Jul 19 Cotton is at 73.87, down 76 points

--provided by Brugler Marketing & Management

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