Cotton Market News and Commentary

Cotton futures settled the Thursday session with most nearby contracts 109 to 191 points higher. Progress is reportedly being made between the US and China this week, with reports showing the two countries developing several Memorandum of Understandings. The Cotlook A Index was up 25 points on February 20 to 80.30 cents/lb. The USDA Adjusted World Price was updated to 61.80 cents/ lb on Thursday, down 47 points from the previous week. The USDA Ag Outlook Forum showed a forecast of 14.3 million acres for 2019 all cotton acres. The Cotton On Call report from CFTC for the week of February 1 showed unfixed call sales at 16,628 contracts, with unfixed call purchased at 14,928 contracts.

Mar 19 Cotton closed at 72.190, up 191 points,

May 19 Cotton closed at 74.010, up 185 points

Jul 19 Cotton closed at 74.990, up 165 points

--provided by Brugler Marketing & Management




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