- Market Overview
- Futures
- Options
- Custom Charts
- Spread Charts
- Market Heat Maps
- Historical Data
- Stocks
- Real-Time Markets
- Site Register
- Mobile Website
- Trading Calendar
- Futures 101
- Commodity Symbols
- Real-Time Quotes
- CME Resource Center
- Farmer's Almanac
- USDA Reports
Cotton Ends the Week on a Higher Note
The cotton market was mostly higher on Friday, with the exception to a couple ’25 contracts. Most were up 3 to 59 points on the day, led by the nearbys. Crude oil futures had a volatile Friday session and closed up 46 cents after collapsing of the overnight highs. That was after reports of several presumed Israeli strikes in Iran in response to the Iranian attack over the weekend on Israel. Iran reportedly downplayed the attacks, indicating there would be no retaliation in response.
Commitment of Traders data confirmed a mass exodus of the managed money long in cotton futures in options in the week that ended on 4/16, of 25,890 contracts. That was the largest bear move in a one-week Tuesday/Tuesday move since CFTC started the data series back in 2006 taking the net long down to just 36,142 contracts.
ICE certified cotton stocks were up another 3,351 bales on April 18 at 176,083 bales. The Cotlook A Index was down another 160 points to 87.35 cents/lb on April 18. The AWP dropped another 325 points to 62.18 yesterday and is good through next Thursday.
May 24 Cotton closed at 78.69, up 59 points,
Jul 24 Cotton closed at 81.02, up 41 points,
Dec 24 Cotton closed at 77.55, up 14 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.