Cotton Starting Week off Lower

Cotton comes out of the weekend with losses. Front month futures are down 7 to 42 points as China has officially extended the Chinese New Year holiday shut downs into mid-February and is limiting travel. Some schools will be closed until at least February 17. All of this is expected to hit GDP growth and consumption of consumer goods. The October futures are dropping by 208 points on low volume. The online cotton trading platform The Seam sold 29,749 bales last week. The Cotlook A index was back down 115 points and was 79.05 cents/lb for 01/24. The AWP for cotton is 61.29 cents/lb.

Mar 20 Cotton is at 69.33, down 7 points,

May 20 Cotton is at 69.88, down 32 points

Jul 20 Cotton is at 70.7, down 42 points

Oct 20 Cotton is at 68.31, down 208 points

---provided by Brugler Marketing & Management




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