Cotton Market News and Commentary

Cotton futures are showing 83 to 95 point gains in most contracts so far on Thursday. Bargain buying is helping to prop up the market, as March is trying to break out of the 250 point trade range since early January. The Cotlook A Index was down 55 points on January 16 to 81.90 cents/lb. With the government now in day 27 of the shutdown, we still don’t have a good grip on how exports have been performing over the past month. Estimated AWP was 63.06 last week, and computes to 64.07 for the coming week.

Mar 19 Cotton is at 74.19, up 92 points,

May 19 Cotton is at 75.49, up 95 points

Jul 19 Cotton is at 76.58, up 87 points

--provided by Brugler Marketing & Management




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