Cotton Market News and Commentary

Cotton futures are trading 7 to 18 points higher this morning. They settled with the front months 15-16 points lower and deferred contracts lightly higher. A weaker US dollar supported the market yesterday, but the buck is sharply higher following the FOMC meeting. 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 this morning at 7:30 AM CDT.

--provided by Brugler Marketing & Management




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