Later in the week, the cotton market will face the PPI and export sales.

Hi our beloved customers:

We would like to update cotton news by Vigotex:

• ICE 2023 Mar: Closed 85.40 c/lb, +0.24 cents;
• ICE 2023 July: Closed 86.16 c/lb, -0.06 cents;
• ICE 2023 Dec: Closed 85.07 c/lb, +0.10 cents;
• Estimated volume: 46,179 contracts.

Despite all the up-and-down trading that unfolded in the Dow Jones, cotton posted a tight range, but settled lower. The stock market was, of course, heavily influenced by Tuesday's CPI Report, which was something of a mixed bag. Inflation did rise by one-tenth percent. Thus the U.S. dollar, gold, and the Dow all ran hot and cold at times.

            Wednesday the government will issue retail sales for January. Although known for post-Christmas sales, typically the winter weather keeps shoppers mostly at  bay. Core retail sales month-over-month are expected at 0.8% increase, versus last month's decline of -1.1%. The data is out at 8:30 a.m. EST.

            Later in the week, the cotton market will face the PPI and export sales. Both of those numbers will potentially affect the prices of cotton.