Cotton futures are 52 to 69 points higher this morning after they posted gains of 54 to 61 points in the nearby contracts on Wednesday. The US dollar was up 297 points on Wednesday but was down again overnight. The weekly Export Sales report is delayed until Friday due to the New Year’s Holiday. The International Cotton Advisory Committee trimmed their expected world cotton ending stocks 0.25 MMT to 18.98 MMT. Most of that reduction came from a 0.31 MMT cut in projected world production. The USDA Adjusted World Price (AWP) was increased 262 points to 70.62 cents/lb on Thursday. The Cotlook A Index for January 2was 25 points lower at 89.35.

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.