Cotton Market 20 to 25 Points Lower

Cotton starts off the last trading day of the week 20 to 25 points lower. Cotton futures contracts were down at least 100 points after Thursday’s third consecutive triple digit swing day. The online cotton trading platform The Seam sold 20,234 bales at an average gross price of 61.39 cents/lb on 01/22. The week’s total is 23,578 bales through Wednesday, compared to last week totaled 99,899 bales sold. The 01/22 Cotlook A index was down by 180 points to 78.40 cents/lb. The updated Adjusted World Price for cotton is 61.29 following a drop of 11 points from the previous week.

---provided by Brugler Marketing & Management

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