Cotton Market News and Commentary

Cotton futures closed Thursday with most contracts 13 to 94 points lower. A stronger dollar provided some pressure. Upland cotton sales in the week that ended on 12/27 totaled 228,202 RB for 18/19 and 32,208 RB for 19/20. The old crop sales were the second largest only behind the week prior as total sales were down 9.31% from a year ago. A total of 28,434 RB in net sales were reported to China in the export sales report for the week ending 12/27 which was released this morning. The Cotlook A Index was up 40 points on February 6 to 82.65 cents/lb. The USDA Adjusted World Price is 64.61 cents/lb through next Thursday, down 46 points from the previous week.

Mar 19 Cotton closed at 72.810, down 85 points,

May 19 Cotton closed at 73.920, down 94 points

Jul 19 Cotton closed at 75.310, down 91 points

--provided by Brugler Marketing & Management




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