Cotton futures are up 52 to 56 points in the front months this morning. They saw steady to 39 point gains in most contracts on Friday, as March was down 1.25% on the week. Upland export commitments are now 22.6% above the same time last year. Thursday’s CFTC Cotton On-Call report showed mills pricing 8,990 contracts for March during the week of Feb 9. The number of unfixed call sales for March as of that date was down to 8,942 contracts, with the total for all months at 140,984 contracts. The Friday COT report showed spec funds lowering their net long position by 12,509 contracts to 69,378 contracts for the week of Feb 13. The USDA Adjusted World Price or AWP was trimmed 30 points from the previous week to 69.15 cents/lb on Thursday. The Cotlook A index was down 50 points from the previous day on February 15 at 86.85 cents/lb.

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