Alan Brugler – Barchart

Fri Sep 29,

Cotton futures closed 0.8% to 1.8% in the red on Friday. The December contract ended 13 points off the low for the day after a 227 point trading range. Dec futures were still up 124 points for the week, but lost 67 points for the month. 

The weekly Commitment of Traders report had managed money with a 45,520 contract net long in cotton for 9/26. That was a 1.2k contract weaker net long primarily via net new selling. Commercial cotton hedgers added 4.7k new longs and 1.2k new shorts for a 91,911 contract net short. 

USDA reported 108,555 bales were classed for the week for 859,448 on the season. That is down from last year’s 945,138 bales. 

The USDA Weekly Cotton Market Review had 17,515 bales sold at spot for the week with an average price of 83.15 cents/lb. The season’s sales reached 87,927 bales, compared to 26.3k last year. The Cotlook A Index increased 10 points on 9/28 to 98.35 cents/lb. FSA reduced the AWP for cotton by 2 points for the week to 72.27 cents/lb. ICE Certified Stocks increased another 2.4k bales to 37,512 as of 9/28. 

Dec 23 Cotton  closed at 87.15, down 156 points, Mar 24 Cotton  closed at 87.92, down 133 points, May 24 Cotton  closed at 88.5, down 103 points. (Source: