Cotton

Cotton futures are trading 29 to 44 points higher this morning. The US dollar index is a little weaker, and the stock market is posting new highs. They ended the Friday session with the nearby contracts 8 to 14 points higher and back months lower. Thursday’s Cotton on Call report from CFTC showed mills unfixed call sales position at 41,051 contract for December. That was as of 8/17 and down 9,291 contracts from the week before. Unfixed call purchases for December were at 21,981 contracts on that date. Friday’s CFTC report showed spec traders in Cotton futures and options cutting 6,022 contracts off their net long position to 70,650 contracts in the week ending 8/21. The Cotlook A index was down 90 points from the previous day at 92.15 cents/lb on August 23. The weekly AWP was updated to 73.83 cents/lb, good through Thursday.




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