Cotton Market News and Commentary

Cotton futures are trading 89 to 107 points higher this morning adding to gains of 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 are intended for 2019, down from 14.05 million last year. Secretary Perdue announced that ~2,500 FSA employees will return to work today, Friday, and next Tuesday (Monday is the MLK holiday) to help with loans in process and other limited items. Only selected office locations will be open on those days so check before trucking over there.

--provided by Brugler Marketing & Management




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