Cotton Closes week in Red

Cotton futures posted 23 to 34 point losses by Friday’s close. The Commitment of Traders report had managed money more net long on Tuesday. The dollar was at its strongest since September 30th of last year. Cotton spec traders were 33,880 contracts long on Feb 11, the current net long is up to 9 consecutive weeks and counting. OI for the group was 3,749 lower to 57,258 contracts, that is the lowest managed money open interest since 12/24 of 2013! The Seam online cotton trading platform added 2,574 bales sold on 02/13, for an average gross price of 59.42 c/lb. The 02/13 Cotlook A index was 50 points higher to 77.70 cents/lb. The FAS Adjusted World Price for cotton is 58.82 cents/lb.

Mar 20 Cotton closed at 67.41, down 34 points,

May 20 Cotton closed at 68.41, down 22 points

Jul 20 Cotton closed at 69.28, down 22 points

Oct 20 Cotton closed at 69.36, down 23 points

---provided by Brugler Marketing & Management

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