By admin       2019-02-06

The cotton market experienced a decent turnaround Tuesday rally. Monday saw the cotton market spill nearly 1.00 cent, but it was offset by Tuesday’s comeback by nearly the same amount.To reiterate, the market has several fundamental hurdles to face this week, starting with Mr. Trump’s speech to the nation Tuesday night. If he were to mention the word “cotton” in the context of trading with China, such would be a positive boon towards the psychology of the trade. Then on Thursday, USDA will release it next, but delayed, weekly sales and exports data.This data will reflect the week after Christmas. Lastly, will be Friday’s combined January and February crop reports. It is expected there will some reductions to the 2018 production and ending stocks. Also, India might be pegged with a smaller crop.March cotton settled 73.40 cents, up 0.64 cent, July was 76.04 cents, up 0.60 cent and December closed at 74.34 cents, up 0.34 cent. Tuesday estimated volume was 48,600.

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