Cotton Market News and Commentary

Cotton futures are showing slight 5 to 11 point gains on Thursday, with traders covering their shorts. The US dollar is weaker at midday, also providing support. USDA will not release the Export Sales report on Friday for the second week in a row due to the government shutdown. The Cotlook A index was up 5 points from the previous day on January 2 at 80.85 cents/lb. The ICAC lowered the midpoint of their average world price to 86.45 cents from 89 cents previously.

Mar 19 Cotton is at 70.93, up 9 points,

May 19 Cotton is at 72.31, up 6 points

Jul 19 Cotton is at 73.67, up 9 points

--provided by Brugler Marketing & Management




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