Cotton Market News and Commentary

Cotton futures are trading 65 to 79 points higher this morning. They 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. The dollar was weaker again overnight. USDA will not release the Export Sales report 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 estimate to 86.45 cents from 89 cents previously. The weekly average world price (AWP) was not released on the regular Thursday schedule due to the partial government shutdown.

--provided by Brugler Marketing & Management

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