Cotton

Cotton futures saw mixed trade at Friday’s close, as May and thinly traded October were lower. Mills reduced their May on call sales position by 7,212 contracts in the week that ended 4/6, bringing the total for May down to 15,947 contracts. The USDA Adjusted World Price (AWP) was updated to 74.32 cents/lb, up 2.32 cents from the previous week. The Cotlook A index was up 25 points from the previous day at 93.05 cents/lb. CFTC data shows the spec fund longs added 210 contracts to their net long position in the week ending April 10, taking it to 76,276 contracts of futures and options.

May 18 Cotton closed at 83.410, down 28 points,

Jul 18 Cotton closed at 83.350, up 35 points

Oct 18 Cotton closed at 79.110, down 18 points




Market Commentary provided by:

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