Cotton Market News and Commentary

Cotton futures are trading 49 to 93 points higher this morning. They closed the day with 52 to 89 point losses, as July was up 0.53% this week. July options expired on Friday. A sharply higher US dollar index pressured the market, up 559 points. Spec funds in Cotton futures and options added 2,436 contracts to their net short position as of Tuesday, at 30,241 contracts. The Cotlook A index for June 13 was down 100 points from the previous day to 77.50 cents/lb. The weekly Average World Price (AWP) from USDA is 58.97 cents/lb through next Thursday, down 2.54 cents from last week.

--provided by Brugler Marketing & Management




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