Cotton futures closed the day with gains of 6 to 35 points. This afternoon’s CFTC commitment of Traders report shows managed money lowering their net long position by 14,489 contracts during the week that ended 2/6. That position in cotton futures and options was at 81,887 contracts on that date. The total for unfixed call sales was at 145,343 contracts as of 2/2. A total of 10,973 contracts were priced for March during that week, as there were 17,932 contracts still unfixed as of 2/2. The USDA Adjusted World Price or AWP was updated to 69.45 cents/lb this morning, which was down 195 points from the previous week. The Cotlook A index on February 8 was 86.70 cents/lb, down 25 points from the previous day.

Mar 18 Cotton closed at 76.680, up 6 points,

May 18 Cotton closed at 77.630, up 7 points

Jul 18 Cotton closed at 78.580, up 8 points

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.