Cotton Market News and Commentary

Cotton futures were up 82 to 91 points in most contracts on Wednesday. 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 intended for 2019, compared to 14.05 last year. Secretary Perdue announced that ~2,500 FSA employees will return to work on Thursday, Friday, and next Tuesday to help with loans in process and other limited items. Only selected office locations will be open on those days.

Mar 19 Cotton closed at 73.270, up 91 points,

May 19 Cotton closed at 74.540, up 82 points

Jul 19 Cotton closed at 75.710, up 82 points

--provided by Brugler Marketing & Management




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