Cotton Showing Gains on Monday

Cotton futures are steady to 133 points higher in most contracts on Monday. The US and China are expected to meet at this week’s G-20 gathering, with trade talks taking place prior to the Trump/XI meeting. Friday’s Commitment of Traders report showed spec traders adding 144 contracts to their net short position of 30,385 contracts as of last Tuesday. The Cotlook A index for June 20 was down 105 points from the previous day to 76.85 cents/lb. The weekly Average World Price (AWP) from USDA is now 59.14 cents/lb through Thursday, up 17 points from the previous week.

Jul 19 Cotton is at 62.52, up 133 points,

Oct 19 Cotton is at 65.36, up 63 points

Dec 19 Cotton is at 65.72, up 16 points

Mar 20 Cotton is at 66.420, up 3 points

--provided by Brugler Marketing & Management




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