The new week of cotton trading is starting with prices 11 to 94 points lower. On Friday, cotton futures closed mixed with old crop prices 92 points weaker in July and 31 points weaker for the thin October. New crop December and March contracts came back from midday losses and ended the last trade day of the week 10 to 17 points higher.  The US dollar index was sharply lower on Friday, and the buck is extending those losses in early Monday trading overseas. 

Data from the Commitment of Traders report showed managed money funds were net sellers of cotton during the week that ended May 4. On net, the group was 493 contracts less long to 58,175. 

USDA’s Daily Spot Quotations report for 5/7 showed 3,647 bales were sold at spot. The weekly Cotton Market Review said the week’s average spot price was 84.03 c/lb, compared to 84.92 c/lb last week. The Cotlook A index from May 6th was unchanged at 92.30 cents/lb. This week’s AWP for cotton is 71.39 cents/lb through Thursday.

Jul 21 Cotton  closed at 89.66, down 92 points, now down 94 points

Dec 21 Cotton  closed at 86.89, up 17 points, and down 53 this morning

Mar 22 Cotton  closed at 85.92, up 10 points, and down 15 this morning