Cotton

Cotton futures are currently showing triple digit losses, apparently due to fund asset allocation moves away from the “near contract highs” cotton market. Price had been firm overnight on the weakness in the US dollar. The dollar is still down hard. The USDA Adjusted World Price (AWP) was increased 262 points to 70.62 cents/lb on Thursday. The Cotlook A Index for the 29th was UNCH at 89.60.

Mar 18 Cotton is at 77.45, down 118 points,

May 18 Cotton is at 77.72, down 124 points

Jul 18 Cotton is at 78.05, down 119 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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