Cotton Falls Back on Friday

Friday cotton trading left the board 73 to 102 points lower. March 21 was down the most on the day, but Dec was down 237 points from Friday-Friday. Cotton spec traders were net buyers on the week ending 10/27. The weekly CoT report showed a 5,590 contract bump to spec trader OI – leaving the group 70,201 contracts net long. USDA’s weekly Cotton Market Review had the week’s average spot price at 66.19 cents/lb. That was up from 65.72 LW and 4.14 cents better yr/yr. The Cotlook A index for the 29th retreated 145 points to 76.95 cents/lb. The week’s Adjusted World Price for cotton is to 57.37, up 1.66 cents.

Dec 20 Cotton closed at 68.92, down 90 points,

Mar 21 Cotton closed at 69.78, down 102 points

May 21 Cotton closed at 70.58, down 91 points

Jul 21 Cotton closed at 71.26, down 73 points

--- provided by Brugler Marketing & Management

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