March 28 Cotton futures settled up slightly on
Monday, helped by a weaker dollar as traders remained cautious
ahead of the U.S. government's much awaited planting intentions
report on Thursday.
"It has been a very lethargic and choppy day. I don't
foresee the market accomplishing something between now and
Thursday," said Keith Brown, proprietor and cotton trader at
Keith Brown and Co in Moultrie, Georgia.
* The front-month May contract on ICE Futures U.S.
settled up 0.08 cent, or 0.14 percent, at 57.80 cents per lb,
after trading in the range of 57.20 and 57.99 cents a lb.
* The dollar index was down 0.20 percent. The Thomson
Reuters CoreCommodity CRB Index, which tracks 19
commodities, was up 0.22 percent.
* Speculators trimmed their net short position in cotton by
2,280 contracts to 38,208 in week to March 22, according to
Commodity Futures Trading Commission data released on March
25.