Cotton

Cotton futures are trading 7 to 55 points higher to start the new year. A weaker US dollar is contributing to the firmer tone in dollar denominated prices. They settled mixed on Friday, with nearby March 17 points lower. March futures matched their life of contract high on Thursday but backed off a bit to end the week. The weekly USDA Export Sales report showed sales of 163,700 RB for upland and 12,800 RB for old crop pima. There were another 32,500 RB of upland varieties sold for 2018/19 shipment. The USDA Adjusted World Price (AWP) was increased 262 points to 70.62 cents/lb on Thursday. It is a long way above loan rate! The Cotlook A Index for the 28th was 89.60, up 1.50.




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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