Cotton
BRUG - Fri Aug 18, 4:56PM CDT

Cotton futures were mostly 19 to 50 points higher on Friday, as nearby Oct showed no volume. The US dollar was slightly supportive, as it was down 202 points. The USDA cotton AWP for this week is 59.70, down from 62.46 cents/lb in the week just ended. The Cotlook A index for August 17 was down 30 points at 77.40 cents/lb. Friday afternoon’s CFTC report indicated spec traders trimming their net long position in cotton futures and options trading by 4,390 contracts to +29,596 contracts as of Tuesday. China sold 23,400 MT of the 29,476 MT of cotton offered at Friday’s auction of state reserves. On the week, they sold 70.77% of the 148,237 MT offered.

Oct 17 Cotton closed at 67.790, up 34 points,

Dec 17 Cotton closed at 67.280, up 37 points

May 18 Cotton closed at 67.710, up 38 points




Market Commentary provided by:

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