Cotton

Cotton futures are posting losses of 52 to 65 points on Monday, despite sharp losses of 341 points in the US dollar. There is some pre-holiday profit taking after March gained 3% last week. The Commitment of Traders report showed the spec traders adding another 7,101 contracts to their net long position in the week ending December 12, taking it up to 89,510 contracts. The USDA Adjusted World Price (AWP) was updated to 65.95 cents/lb, 92 points higher than the previous week. The Cotlook A index was 120 points higher from the day prior on December 15 to 85.90 cents/lb. Online cash sales on the Seam jumped to 40,261 bales, with prices averaging 70.07 cents/lb, down 17 points from the previous day.

Mar 18 Cotton is at 75.4, down 52 points,

May 18 Cotton is at 75.67, down 65 points

Jul 18 Cotton is at 76.1, down 64 points




Market Commentary provided by:

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