Cotton futures settled the Wednesday session with most nearby contracts 126 to 146 points in positive territory. Sharply higher crude oil prices and a weaker dollar were supportive. Some of the focus in the recent US/China trade talks was over China’s pledge to buy a substantial amount of US goods. At the moment, we have little way of gauging current export demand with the government shutdown keeping the Export Sales reports from being released. The Cotlook A index was up 40 points from the previous day on January 8 at 81.90 cents/lb.
Mar 19 Cotton closed at 73.130, up 146 points,
May 19 Cotton closed at 74.520, up 145 points
Jul 19 Cotton closed at 75.660, up 126 points
--provided by Brugler Marketing & Management