Cotton Market News and Commentary

Cotton futures are showing 80 to 88 point gains in most contracts at Wednesday’s midday. The Cotlook A Index was up 30 points on January 15 to 82.45 cents/lb. A Cotton Grower survey showed that 13.6 million acres of cotton for 2019, compared to 14.05 last year. The only news on the China trade front was a quote from Senator Grassley yesterday indicating that none of the major issues had been solved in the Beijing session. Those were left for the next round or the one after that. Secretary Perdue announced that ~2,500 FSA employees will return to work on Thursday, Friday, and next Tuesday for to help with loans and other limited. Select office locations will be open.

Mar 19 Cotton is at 73.24, up 88 points,

May 19 Cotton is at 74.52, up 80 points

Jul 19 Cotton is at 75.73, up 84 points

--provided by Brugler Marketing & Management




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