Cotton Slips Lower into Friday Close

Alan Brugler Barchart Fri Apr 12, 4:57PM CDT
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Cotton futures were down 17 to 75 points in most contracts on Friday’s close. Crude oil backed off the early strength to close with gains of just 44 cents. The US dollar index was up 756 points on the day. 

The Cotton On-Call report from CFTC showed unfixed call sales at 10,572 contracts for May as of 4/5, a 4,198 drop from the week previous. For July, unfixed call sales are 22,995 contracts, with the total at 68,015 contracts.  

Friday afternoon’s Commitment of Traders report showed spec fund longs with a mass exodus, as the net long position was down 18,556 contracts to 62,032 contracts as of last Tuesday.

The Cotlook A Index was back down 75 points to 91.40 cents/lb on April 11. The AWP dropped another 405 points to 65.43 yesterday and is good through next week.

May 24 Cotton  closed at 82.62, down 75 points,

Jul 24 Cotton  closed at 84.59, down 66 points,

Dec 24 Cotton  closed at 80.11, down 58 points


On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.