Cotton futures closed the day with gains of 6 to 35 points. This afternoon’s CFTC commitment of Traders report shows managed money lowering their net long position by 14,489 contracts during the week that ended 2/6. That position in cotton futures and options was at 81,887 contracts on that date. The total for unfixed call sales was at 145,343 contracts as of 2/2. A total of 10,973 contracts were priced for March during that week, as there were 17,932 contracts still unfixed as of 2/2. The USDA Adjusted World Price or AWP was updated to 69.45 cents/lb this morning, which was down 195 points from the previous week. The Cotlook A index on February 8 was 86.70 cents/lb, down 25 points from the previous day.
Mar 18 Cotton closed at 76.680, up 6 points,
May 18 Cotton closed at 77.630, up 7 points
Jul 18 Cotton closed at 78.580, up 8 points