Cotton Market News and Commentary

Cotton futures are trading 99 to 132 points lower here on Thursday morning on poor Chinese economic data and a stronger US dollar. They posted 20 to 87 point gains in most contracts on Wednesday. A weaker US dollar index and stronger crude oil had helped cotton on Wednesday. The Cotlook A Index was down 20 points on March 12 to 81.55 cents/lb. The USDA Adjusted World Price (AWP) is 63.42 cents/ lb through Thursday. USDA will release the Export Sales report on Thursday morning, showing bookings for the week of March 7. A total of 34,412 bales traded on The Seam on Tuesday, with an average price of 65.55 cents/lb.

--provided by Brugler Marketing & Management

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