Cotton Market News and Commentary

Cotton futures are currently 22 to 51 points higher. They were 30 to 67 points higher in most contracts on Monday, helped by a weaker US dollar. The dollar is weaker again this morning. Crude oil futures were the highest since November 1 on Monday, supporting cotton via more expensive synthetics. NASS reported that US cotton was 6% planted as of Sunday in their Crop Progress report. That is 1% above the average pace but 1% behind the same week last year. The Cotlook A Index was up 25 at 86.90 on April 5. The new USDA Adjusted World Price (AWP) is 68.22 cents/lb through Thursday.

--provided by Brugler Marketing & Management

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