Cotton

Cotton futures saw gains of 17 to 57 points on Friday, as Dec was 1.06% higher than a week ago. Support is coming from a weaker US dollar, down 239 points today. The Commitment of Traders report showed the spec funds trimming 2,855 contracts from their net long last week, taking it to 42,028 contracts as of November 14. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 point lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,264 bales, with prices up to 67.09 cents/lb. The Cotlook A index for November 14 was 5 points higher to 79.40 cents/lb.

Dec 17 Cotton closed at 69.780, up 57 points,

Mar 18 Cotton closed at 69.350, up 17 points

Jul 18 Cotton closed at 70.820, up 25 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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