Cotton Market News and Commentary

Cotton futures are steady to 28 points higher at midday, with the US dollar index taking profits; down 245 points. USDA left the US cotton balance sheet UNCH this morning, with the only adjustment going to the average farm price range, down 2 cents to 69-71. World ending stocks were up 509,000 bales to 76.09 million on larger Brazil production. The Cotlook A Index was down 40 points on March 7 to 82.25 cents/lb. The USDA Adjusted World Price (AWP) was updated to 63.42 cents/ lb on Thursday, up 75 points. The Cotton Ginnings report indicated that 17.471 million bales had been ginned as of March 1, down 10.67% from the same time last year.

May 19 Cotton is at 73.39, up 28 points,

Jul 19 Cotton is at 74.53, up 23 points

Dec 19 Cotton is at 73.390, up 1 point

--provided by Brugler Marketing & Management

Market Commentary provided by:

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