Cotton futures traded both sides on Friday, amounting to a 133 point range for December futures. Prices were ultimately 34 to 41 points lower at the close. December went into the weekend a net 3 points higher Friday to Friday.Â
CFTC reported cotton spec traders were net new buyers in the cotton market during the week that ended 8/1. The 7.5k new longs left the group 36,365 contracts net long. Commercial cotton hedgers added shorts for a 6.8k contract stronger net short of 93,197.Â
The weekly Cotton Market Review reported 3,094 bales were sold at spot for an average price of 80.21 cents/lb. The Cotlook A Index was 165 points weaker on 8/3 at 95.60 cents.  The AWP for cotton increased by 45 points to 70.19 cents/lb. ICE Certified Stocks were reported at 560 bales for 8/3.Â
Dec 23 Cotton  closed at 84.29, down 41 points,
Mar 24 Cotton  closed at 84.4, down 41 points,
May 24 Cotton  closed at 84.5, down 38 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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