Cotton Mostly Higher, With Help from Outside Markets
BRUG - Mon Apr 22, 12:09PM CDT

Cotton futures are trading 3 to 25 points higher in most front months, with May down 2 points. The dollar is weaker this morning, with crude oil up $1.84/barrel, supporting cotton via synthetics. The large spec funds reduced their CFTC net long position in cotton by 3,186 contracts in the week ending April 16. The funds were still net long 11,467 contracts of futures and options on that date. The Cotlook A Index was up 50 points at 88.25 on April 18. The new weekly Average World Price (AWP) is 68.88, effective through Thursday.

May 19 Cotton is at 77.29, down 2 points,

Jul 19 Cotton is at 78.52, up 25 points

Oct 19 Cotton is at 77.26, up 3 points

Dec 19 Cotton is at 77.240, up 19 points

--provided by Brugler Marketing & Management




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