Cotton Market 5 to 25 Points Lower

Cotton futures are trading 5 to 25 points lower this morning. Prices were higher on Friday, rising 29 to 50 points. Commitment of Traders data for Tuesday showed spec traders in cotton futures and options reduced their net short position to 44,642 contracts. The Cotlook A Index was unchanged on August 15 at 70.90 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate. Dry conditions continue in most of Texas, with very limited precipitation seen in the next 5 days excluding the Panhandle.

--- provided by Brugler Marketing & Management




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