Cotton Closes in Red Friday

Despite the late week slides lower, Dec futures were 85 points above last Friday’s close. On Friday, the front month futures ended the session down 17 to 21 points. Damage from hurricane Sally is not yet known, but some reports show seeds sprouting in the open bolls (DTN). The CoT report showed managed money’s net long was 3,364 contracts stronger wk/wk on short covering. On 9/15, managed money was 49,828 contracts net long and commercials were 111,896 contracts net short. Thursday sales on The Seam were 951 bales at 48.86 cents/lb. WTD sales through Thursday on The Seam were 20,172 bales with a wtd ave price of 58.78 cents/lb. The Cotlook A index for Sept 17 was firm at 71.65 cents/lb. The AWP for cotton was raised 1.11 cents for the week to 50.88 cents/lb. That reduced the LDP to 1.12 cents.

Oct 20 Cotton closed at 64.16, down 19 points,

Dec 20 Cotton closed at 65.66, down 19 points

Mar 21 Cotton closed at 66.58, down 21 points

May 21 Cotton closed at 67.35, down 20 points

--- provided by Brugler Marketing & Management




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