Cotton futures were mostly lower on Friday, with Oct the only contracts higher on low volume. That contract saw a loss of 7.22% since the previous Friday. CFTC data shows spec traders with a net long position of 70,284 contracts in cotton futures and options contracts as of Tuesday. That is an increase of 14,104 contracts from the previous week and just in time to be hammered by the post-report sell off. The Cotton AWP was updated to 63.27 cents/lb, down 86 points from the previous week. The Cotlook A index for September 14 was unchanged from the previous day at 79.1 cents/lb. At their daily auction of state reserves on Friday, China sold 23,200 MT of the 25,200 MT of cotton offered.

Oct 17 Cotton closed at 70.130, up 35 points,

Dec 17 Cotton closed at 69.070, down 5 points

May 18 Cotton closed at 68.480, down 61 points

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