Cotton

Cotton futures saw mixed trade to end the Friday session, with nearby Oct 5 points higher and deferred contracts lower. The CFTC Commitment of Traders report had spec traders lowering their net long position by 6,945 contracts in Cotton futures and options. Their net position now stands at 63,339 contracts as of Tuesday. The USDA updated their AWP to 60.91 cents/lb, down 236 points from the previous week. The Cotlook A index for September 21 was up 15 points from the previous day at 79.50 cents/lb. China sold another 25,900 MT of cotton in Thursday’s auction of state reserves that saw 26,800 MT offered.

Oct 17 Cotton closed at 69.090, up 5 points,

Dec 17 Cotton closed at 68.460, up 21 points

May 18 Cotton closed at 68.160, down 1 point




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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