Cotton Market Commentary

Cotton futures are trading mostly 50 to 55 points lower this morning. Thin October is the exception, up 71 points. They settled with most contracts marginally lower on Friday, as December was up 0.72% for the week. Thursday’s Cotton on Call report indicated that mills lowered their unfixed call sales position for December by 2,143 contracts to 38,908 contracts in the week that ended on 8/24. Friday afternoon’s CFTC Commitment of Traders report showed specs in cotton futures and options trimming their net long position by 2,712 contracts to 67,938 contracts in the week of 8/28. The Cotlook A index was down 65 points from the previous day at 92.65 cents/lb on August 30. The weekly AWP was updated to 74.26 cents/lb, up 43 points from the previous week and good through next Thursday.




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