Cotton Higher on Monday

Cotton futures are trading 17 to 79 points higher in most contracts on Monday after setting new life of contract lows last week. Tropical Storm Barry likely did some damage to Delta cotton, but results may not show up until next week due to the reporting schedule. The Commitment of Traders report on Friday showed spec funds pushing their record net short position to 41,727 contracts in the week that ended on 7/9, a bearish nudge of another 4,062 contracts. The Cotlook A index for July 12 was down 75 points from the previous day at 74.05 cents/lb. The weekly AWP is 58.05 cents/lb through Thursday.

OCT 19 Cotton is at 62.53, up 17 points,

DEC 19 Cotton is at 63.47, up 79 points

MAR 19 Cotton is at 64.42, up 68 points

MAY 20 Cotton is at 65.27, up 59 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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