Cotton Market News and Commentary

Cotton futures are trading 17 to 50 points higher this morning, aided by a weaker US dollar index and firm overnight S&P futures. They had 9 to 18 point losses in the front months on Tuesday with new crop contracts marginally higher. Chinese trade reps are in DC this week for more trade talks. The Cotlook A Index was down up 175 points at 87.05 on April 1. The USDA Adjusted World Price (AWP) is 68.23 cents/lb, good through Thursday. USDA indicated on Monday afternoon that major cotton producer TX was 7% planted, ahead of the average pace of 5%. The Seam showed sales of 8,706 bales sold on Monday at an average price of 70.03 cents/lb.

--provided by Brugler Marketing & Management

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