Cotton #2 May '20 (CTK20)
Cotton #2 Futures Market News and Commentary
Cotton futures were down 112 to 155 points ahead of the weekend. May futures were 249 points lower from Friday to Friday. The weekly CoT report showed managed money cotton funds were 15,255 contracts net short on 03/24. That is the largest net short in 23 weeks. Managed money OI was down 3,576 contracts wk/wk to 53,551 contracts. Spec trader OI as of Tuesday was the lowest it’s been since 02/14 of 2012. The 03/26 Cotlook A index was back up 50 points to 63.55 c/lb. The AWP for cotton was 496 points lower than the previous week, at 44.99. The LDP is 7.01.
May 20 Cotton closed at 51.33, down 145 points,
Jul 20 Cotton closed at 51.28, down 155 points
Oct 20 Cotton closed at 53.34, down 137 points
Dec 20 Cotton closed at 53.49, down 112 points
--- provided by Brugler Marketing & Management
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