Cotton Market News and Commentary

Cotton futures are trading 2 to 23 points higher this morning, with bulls hoping for another strong weekly Export Sales report at 7:30 AM CDT. They were steady to 47 points lower in the front months on Wednesday, with new crop contracts slightly higher. The Cotlook A Index was up 55 points at 88.35 on April 9. The USDA Adjusted World Price (AWP) is 68.22 cents/lb through Thursday. On Tuesday, USDA hiked expected Chinese imports by 500,000 bales, while Turkish imports were trimmed by 200,000 bales. Indian exports were cut by 300,000 bales, with Australia up 200,000 bales.

--provided by Brugler Marketing & Management

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