Cotton

Cotton futures are trading 92 to 100 points higher this morning after a steep decline last week. They ended the Friday session down 30 to 41 points. December was down 4.51% for the week. The US dollar was weaker Friday, but higher in Monday morning overseas trade. Spec funds in cotton futures and options cut their net long position by 9,688 contracts to 76,672 contracts in the week ending August 14. The Cotlook A index was down 215 points from the previous day at 90.75 cents/lb on August 15. The weekly AWP was updated to 75.45 cents/lb through next Thursday, down 422 points from the previous week.




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