Cotton Market News and Commentary

Cotton futures are up 41 to 53 points in most contracts at midday. US Census trade data shows cotton exports at 681,328 bales during November, 6.2% below the previous year but 11.96% larger than October. Of the total 107,296 bales went to China. The Cotlook A Index was down another 75 points on February 5 to 82.25 cents/lb. The USDA Adjusted World Price is 65.07 cents/lb through Thursday, up 17 points from the previous week. CFTC released year end data on Tuesday, confirming that the speculative net long in cotton had dwindled to only 5,556 contracts as of December 31.

Mar 19 Cotton is at 73.93, up 53 points,

May 19 Cotton is at 75.13, up 44 points

Jul 19 Cotton is at 76.51, up 47 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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