Cotton

Cotton futures are currently 16 to 25 points in the red on Tuesday. China imported 72,363 MT of cotton during November, 31.69% larger than a year ago. Of that total 12,756 MT was from the US, 30.04% lower than November 2016. The CFTC Commitment of Traders report showed cotton futures and options spec traders adding 8,165 contracts to their net long position. That 97,675 contracts figure was the largest reported net long position since mid-May. The Cotlook A index was 210 points higher from the day prior on December 22 to 88.60 cents/lb.

Mar 18 Cotton is at 77.68, down 19 points,

May 18 Cotton is at 77.88, down 16 points

Jul 18 Cotton is at 78.09, down 25 points




Market Commentary provided by:

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