Cotton futures are slightly mixed at Monday's midday. Upland cotton export commitments are 82% of the USDA projection, with unshipped sales still a majority of that number. The average for this time of year is 71%, with last year at 65%. CFTC data on Friday showed managed money spec funds adding 4,216 contracts to their net long position as of Tuesday to 108,778 contracts. That is their largest net long position dating back to 2006 when the Disaggregated data series began. The Cotlook A Index for January 19 was up 50 points from the previous day at 93.35 cents/lb.

Mar 18 Cotton is at 83.42, unch,

May 18 Cotton is at 83.76, down 3 points

Jul 18 Cotton is at 84.17, down 6 points

Market Commentary provided by:

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