Cotton

Cotton futures are trading 45 to 65 points lower. They finished Thursday with most front months steady to 25 points lower, as most deferred contracts were higher. March futures matched their life of contract high yesterday. The weekly Export Sales report is delayed until Friday, with most expecting sales to slow down from last week’s 326,520 RB. Online cash sales jumped to 28,905 bales reported on the Seam, with an average price of 70.78 cents/lb on December 27, 145 points lower than the previous day. The Cotlook A index was reported at 50 points lower than the previous day at 88.10 cents/lb on December 27. 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!




Market Commentary provided by:

Brugler Marketing & Management LLC
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