Cotton
BRUG - Mon Aug 21, 11:35AM CDT

Cotton futures are trading 4 to 21 points higher at midday. The US dollar is 331 points lower at the moment. 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 1 was unchanged from the previous day 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. On Monday, China sold 28,000 MT of cotton at an auction of state reserves, as 29,600 MT was offered. Last week, they sold 70.77% of the 148,237 MT offered.

Oct 17 Cotton is at 68, up 21 points,

Dec 17 Cotton is at 67.45, up 17 points

Mar 18 Cotton is at 67.14, up 8 points

May 18 Cotton is at 67.750, up 4 points




Market Commentary provided by:

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