Cotton

Cotton futures are currently 12 to 23 points higher in the front months, as nearby Oct is showing no trade. 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 22 was down 95 points from the previous day at 78.55 cents/lb. China sold another 29,600 MT of cotton in Monday’s auction of state reserves that saw 30,000 MT offered.

Dec 17 Cotton is at 68.66, up 20 points

Mar 18 Cotton is at 67.7, up 12 points

May 18 Cotton is at 68.390, up 23 points




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
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