Cotton Market News and Commentary

Cotton futures settled with the front months 15-16 points lower and deferred contracts lightly higher. A weaker US dollar supported the market. The Cotlook A Index was down 20 points on March 19 to 84.15 cents/lb. The USDA Adjusted World Price (AWP) was updated to 64.10 cents/ lb on Thursday, up 68 points from the week prior. The Federal Reserve left interest rates UNCH on Wednesday, indicating no rate hikes expected for the rest of this year. USDA will release their Export Sales report for the week of March 14 on Thursday morning.

May 19 Cotton closed at 75.500, down 15 points,

Jul 19 Cotton closed at 76.560, down 16 points

Oct 19 Cotton closed at 75.470, up 5 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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