Cotton Market News and Commentary

Cotton futures are showing strong triple digit gains of 103 to 119 points in most contracts this morning. They saw 86 to 108 point losses in most contracts on Tuesday. The US dollar was up on the day. The US and China met for trade talks in Beijing on Monday and Tuesday, as US trade officials confirmed they will meet again on Wednesday. We will likely be without the Export Sales report again this week due to the partial government shutdown. USDA is extending the MFP application deadline past the original Jan 15 date due to the partial shutdown. The Cotlook A index was up 180 points from the previous day on January 7 at 81.50 cents/lb.

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