Cotton Market Hits Multi Year Lows

Overnight cotton trading was 143 to 151 points lower ahead of the USDA weekly Export Sales report. The front month cotton futures finished with losses of 102 to 149 points. Retail store closures or restricted traffic are hurting demand for textile goods. The dollar is stronger again this morning, with stock market futures weaker. Monday sales on the online cotton trading platform The Seam were 238 bales at an average gross price of 56.36 c/lb. The 03/17 Cotlook A index was down 165 points to 68.40 c/lb. The AWP for cotton is 53.04 c/lb and will be updated after the close.

--- provided by Brugler Marketing & Management

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