Cotton Market News and Commentary

Cotton futures are trading very close to UNCH this morning, plus or minus a single tick from Wednesday’s close. They settled the Wednesday session with most nearby contracts 126 to 146 points in positive territory. Sharply higher crude oil prices and a weaker dollar were supportive. The dollar is a little firmer this morning. Some of the focus in the recent US/China trade talks was over China’s pledge to buy a substantial amount of US goods. At the moment, we have limited means for gauging current export demand with the government shutdown keeping the Export Sales reports from being released. The Cotlook A index was up 40 points from the previous day on January 8 at 81.90 cents/lb.

--provided by Brugler Marketing & Management

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