Cotton

Cotton futures are showing sharp 98 to 130 point gains on Wednesday, with help from outside markets. Crude oil futures had climbed back to nearly $60 per barrel yesterday, as the US Dollar index is currently 285 points lower on Wednesday. Online cash sales of 12,003 bales reported by the Seam averaged 72.23 cents/lb on December 26, 135 points higher than the previous day. The Cotlook A index was not reported for December 26 due to the Boxing Day holiday. The current AWP is at 68 cents/lb and should be updated on Thursday.

Mar 18 Cotton is at 78.73, up 130 points,

May 18 Cotton is at 78.7, up 118 points

Jul 18 Cotton is at 78.8, up 98 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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