Cotton Market News and Commentary

Cotton futures are seeing losses of 7 to 26 points at midday, as nearby March and October are showing no volume. December cotton exports were tallied at 975,814 bales according to delayed Census data. That was up 43.22% from November, which is seasonal, but down 30% from a year ago. The CFTC Commitment of Traders report indicated that speculative money managers in cotton futures and options added 2,170 contracts to their net short position on 2/26. That position was 21,024 contracts on that date, the largest reported net short position for the funds since May 2007. The Cotlook A Index was down 75 points on March 5 to 81.15 cents/lb. The USDA Adjusted World Price (AWP) is 62.67 cents/ lb, effective through Thursday.

May 19 Cotton is at 74.35, down 26 points

Jul 19 Cotton is at 75.38, down 7 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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