Cotton Market News and Commentary

Cotton futures posted 11 to 23 point gains in most contracts on Monday. The nearby contracts were more than 100 points off their highs. The dollar was weaker on the day, with crude oil higher to support the synthetic fiber markets. The US and China met in Beijing on Monday and will again on Tuesday for trade talks. China has been rolling previous 2018/18 purchases into the 2019/20 delivery period recently. Traders hope the negotiations will put a halt to that demand slippage. Unlike soybeans, there has been little to no reporting of China purchasing cotton as a goodwill gesture. The Cotlook A index was down up 5 points from the previous day on January 4 at 79.70 cents/lb.

Mar 19 Cotton closed at 72.750, up 23 points,

May 19 Cotton closed at 74.100, up 16 points

Jul 19 Cotton closed at 75.400, up 11 points

--provided by Brugler Marketing & Management

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