Cotton Market News and Commentary

Cotton futures were mostly steady to 7 points higher on Thursday, with March down 1 point. The US dollar was weaker on the day, providing a little 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. The weekly average world price (AWP) was not released due to the partial government shutdown.

Mar 19 Cotton closed at 70.830, down 1 point,

May 19 Cotton closed at 72.270, up 2 points

Jul 19 Cotton closed at 73.650, up 7 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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