Cotton Market News and Commentary

Cotton futures are currently down 30 to 95 points at midday. The March contract expires today. The US dollar index is stronger for the 6th day in a row, up 541 points. Export sales of upland cotton in the week of Feb 28 were reported at 114,028 RB for old crop, with new crop at 25,692 RB. That was well below a year ago as total sales were 43.16% larger wk/wk. A net reduction of 1,227 RB was reported to China for 18/19, with 17,676 RB in sales for 19/20. The Cotlook A Index was up 150 points on March 6 to 82.65 cents/lb. The USDA Adjusted World Price (AWP) is 62.67 cents/ lb, effective through today.

Mar 19 Cotton is at 72.13, down 92 points,

May 19 Cotton is at 73.26, down 95 points

Jul 19 Cotton is at 74.38, down 84 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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