Cotton Market News and Commentary

Cotton futures are showing 86 to 91 point losses in most contracts on Tuesday, with crude oil down $1.50/barrel. The government shutdown continues, now into day 32, as Democrats rejected President Trump’s DACA extension proposal this weekend. The lack of USDA data makes it hard to gauge export activity. The Cotlook A Index was down 50 points on January 21 to 83.30 cents/lb. Estimated AWP was 63.06 last week, and computes to 64.07 for the week ending this Thursday.

Mar 19 Cotton is at 73.03, down 86 points,

May 19 Cotton is at 74.45, down 87 points

Jul 19 Cotton is at 75.72, down 87 points

--provided by Brugler Marketing & Management

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