Triple Digit Gains for Monday Cotton


Cotton futures were up by 62 to 165 points at the close for Monday. May futures printed a wide 240 point range on the day, with more than a penny on both sides of UNCH. The new crop Dec contract is now more than a dime/lb under spot futures. 

CFTC reported cotton spec traders were adding new longs through the week that ended 2/20. That left the group 14.5k contracts more net long at 86.1k contracts. The commercial cotton hedgers added 7k new shorts through the week which expanded their net short by 129.3k contracts. 

USDA’s weekly Cotton Market review showed 12,251 bales were sold this week averaging 88.33 cents/lb. The Cotlook A Index was 230 points weaker to 99.30 cents/lb. The AWP was 168 points stronger at 75.12 cents. ICE certified stocks were 997 bales as of 2/21. 


Mar 24 Cotton  closed at 96.58, up 165 points,

May 24 Cotton  closed at 94.8, up 131 points,

Jul 24 Cotton  closed at 93.68, up 106 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.