Barchart: Cotton Closes with Gains on Monday
Barchart: Cotton Closes with Gains on Monday

Barchart: Cotton Closes with Gains on Monday

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Cotton futures ended the Monday session with contracts up 65 to 102 points. The outside factors were mixed, as the US dollar index is down 718 points, with crude oil $0.53/barrel lower. 

Commitment of Traders data showed spec funds adding another 4,162 contracts to their net short position as of 12/31 to 39,682 contracts.

The Seam reported 2,677 bales of online sales on January 3 at an average price of 59.86 cents/lb.  ICE cotton stocks were unchanged on Friday, at 20,113 bales of certified stocks. The Cotlook A Index was steady on 1/3 at 79.05 cents/lb. The USDA Adjusted World Price (AWP) was up 48 points from the previous week on Thursday at 55.03 cents/lb.

Mar 25 Cotton  closed at 68.68, up 102 points,

May 25 Cotton  closed at 69.82, up 101 points,

Jul 25 Cotton  closed at 70.85, up 96 points

Source: barchart.com

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