Cotton Market News and Commentary

Cotton futures were 33 to 44 points in most contracts on Friday. The March contract was down just 3 points net in a week that saw a couple large swings. The dollar was slightly higher on the day, with crude lower. Chinese trade reps are expected to come to the US later this month for further discussions on the trade war. The Cotlook A index was up 155 points from the previous day on January 10 at 82.60 cents/lb. There will be no CFTC commitment of Traders report this afternoon, and the Cotton Ginnings update from USDA is also delayed thanks to the shutdown.

Mar 19 Cotton closed at 72.490, down 36 points,

May 19 Cotton closed at 74.030, down 33 points

Jul 19 Cotton closed at 75.270, down 40 points

--provided by Brugler Marketing & Management




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