Cotton

Cotton futures are mixed at midday, with nearby March down 11 points and deferred contracts slightly higher. The US dollar is sharply higher at the moment, showing little affect on the market. The USDA Adjusted World Price or AWP, currently at 71.35 cents/lb, will be updated on Thursday afternoon. The Cotlook A index on February 6 was 87.20 cents/lb, down 90 points from the previous day. Online cash sales reported on the Seam were shown at 7,640 bales, with price averaging 70.69 cents/lb, down 20 points from the previous day.

Mar 18 Cotton is at 76.08, down 11 points,

May 18 Cotton is at 77.42, up 4 points

Jul 18 Cotton is at 78.4, up 3 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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