Cotton

Cotton futures are 51 to 55 points lower to start the week. Managed money spec traders climbed back to their largest net long position since mid May at 82,409 contracts. That was an increase of 11,681 contracts over the week that ended 12/5. The USDA Adjusted World Price (AWP) was updated to 65.03 cents/lb, up 81 points from the previous week. Online cash sales rose to 12,519 bales reported on the Seam, as prices were down 126 points to 68.64 cents/lb. The Cotlook A index was up 150 points from the previous day on December 8 to 84.70 cents/lb.

Mar 18 Cotton is at 73.17, down 55 points,

May 18 Cotton is at 73.69, down 51 points

Jul 18 Cotton is at 73.84, down 55 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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