Cotton futures are working 9 to 20 points in the black through midday, following the gain printed last week.Â
Weekly Commitment of Traders data showed managed money cotton traders were 20,298 contracts net short as of 4/25. That was a 13k contract stronger net short wk/wk, driven by net new selling. Commercial cotton traders reduced their net short by 15k contracts through the week to just 27,207 via a combination of new longs and fewer short hedges.Â
The Cotlook A Index for 4/28 was 170 points higher to 93.15 cents. USDA’s weekly Cotton Market Review showed 6,570 bales were sold during the week that ended 4/27 with an average price of 76.93 cents/lb. The  AWP for is 66.53 cents/lb.Â
Jul 23 Cotton  is at 81.34, up 54 points,
Dec 23 Cotton  is at 81.27, up 17 points,
Mar 24 Cotton  is at 81.3, up 16 points
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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