DJ ICE Cotton Speculation And Hedging Report

For Jan 21 long and short positions in contracts.

SPECULATION      LONG   ACCTS     PCT   SHORT   ACCTS     PCT

  Total        83,970   1,570    41.2  63,191     878    31.0

HEDGING

  Total       119,883     309    58.8 140,662     291    69.0

GRAND TOTAL:  203,853   1,879   100.0 203,853   1,169   100.0

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