Cotton Market News and Commentary

Cotton futures posted 63 to 90 point losses in most contracts on Turnaround Tuesday. The Dollar was stronger on the day. The Cotton Association of India cut their crop estimate to 33.5 million lakh bales. They also reduced exports to 2.4 million lakh bales. This only 47% of last year’s exports, leaving some room for the US. Trade sources report that Asian demand is picking up with cotton futures down in the low 70’s. The Cotlook A Index was down 25 points on January 14 to 82.15 cents/lb.

Mar 19 Cotton closed at 72.360, down 63 points,

May 19 Cotton closed at 73.720, down 79 points

Jul 19 Cotton closed at 74.890, down 90 points

--provided by Brugler Marketing & Management




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