Cotton Market News and Commentary

Cotton futures are trading 66 to 157 points higher today. The main influence is the USDA Planting Intentions report, which showed only 13.78 million acres for 2019. Last year was 14.099 million and the average trade guess was up around 14.5 million following industry surveys back in January and February that suggested expansion. The eye catcher was Texas, that largest cotton production state. Intentions there were down 340,000 acres. Pima acreage was up about 2%. The Cotlook A Index was down 100 points at 86.30 on March 28. The USDA Adjusted World Price (AWP) is now 68.23 cents/lb, good through next Thursday.

May 19 Cotton is at 77.44, up 157 points,

Jul 19 Cotton is at 78.17, up 129 points

Oct 19 Cotton is at 76.25, up 97 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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