Cotton Trading Higher on Monday Morning
CFTC data showed a total of 14,791 contracts added to the managed money net short position in the week of August 5. That position stood at -55,152 contracts as of Tuesday.
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The Cotlook A Index was down 25 points at 78.00 cents on August 6. ICE cotton stocks were down 3,375 bales on 8/7 via decertifications, with the certified stocks level at 18,242 bales. USDA's Adjusted World Price (AWP) was down 13 points on Thursday afternoon at 54.39 cents/lb.
Oct 25 Cotton is at 65.32, up 36 points, currently up 12 cents
Dec 25 Cotton is at 66.6, up 17 points, currently up 42 cents
Mar 26 Cotton is at 68.07, up 17 points, currently up 40 cents
On the date of publication, Austin Schroeder 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. This article was originally published on Barchart.com
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