Cotton Market News and Commentary

Cotton futures are trading 8 lower to 6 higher this morning ahead of the WASDE supply/demand estimates scheduled for 11 AM CST release. They closed Thursday with most contracts 13 to 94 points lower. A stronger dollar provided some pressure on Thursday but saw a little profit taking overnight. Upland cotton sales in the week that ended on 12/27 totaled 228,202 RB for 18/19 and 32,208 RB for 19/20. A total of 28,434 RB in net sales were reported to China in the export sales report. The Cotlook A Index was up 40 points on February 6 to 82.65 cents/lb. The USDA Adjusted World Price is 64.61 cents/lb through next Thursday, down 46 points from the previous week.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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