BRENT CRUDE 107.51 +0.43; COTTON 86.77 -3.66

In its monthly World Agricultural Supply and Demand Estimates report the USDA lowered its global cotton demand outlook by 2.6% from a month earlier. As a result cotton futures fell to their lowest level in 2 weeks having declined by nearly 14% in the past 4 weeks.

Crude futures fell in Asian trade, extending losses from European and US sessions. A drop in Chinese export growth from 15.9% in October to 13.8% in November added to the downward pressure on prices.

Buy the book Commodities: 50 Things You Really Need To Know from Amazon (US and UK), iBooks, Barnes and Noble, Google and Kobo.If you like the book please leave a review on Amazon. Reviews really do make a difference. Thanks.

BRENT CRUDE 108.08 -0.71; COTTON 90.59 +0.40

After rising by over $1/bbl in late Friday on hopes that the Eurozone was tackling its debt problems and improved economic sentiment in China and the US, crude futures fell in Asian trading, losing most of Fridays gains.

Cotton prices continue to fall in Asian trading this morning continuing the trend set in US markets on Friday.

Buy the book Commodities: 50 Things You Really Need To Know from Amazon (US and UK), iBooks, Barnes and Noble, Google and Kobo.If you like the book please leave a review on Amazon. Reviews really do make a difference. Thanks.