Cotton Market News and Commentary

Cotton futures are trading 11 to 38 points lower this morning. They ended the Wednesday session with most contract down 23 to 40 points. The March contract expires today. The US dollar index is stronger for the 6th day in a row. December cotton exports were tallied at 975,814 bales according to delayed Census data. That was up 43.22% from November, which is seasonal, but down 30% from a year ago. The weekly Export Sales report will be released on Thursday morning. The Cotlook A Index was down 75 points on March 5 to 81.15 cents/lb. The USDA Adjusted World Price (AWP) is 62.67 cents/ lb, effective through Thursday.

--provided by Brugler Marketing & Management

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