Cotton futures are showing Monday strength of 54 to 64 points at midday. Crude oil is down $4.41 at midday this morning after the US and Iran came to a peace deal over the weekend, to be signed this Friday. The US dollar index is down $0.285 at $99.460.
CFTC data showed managed money trimming their net short in cotton futures and options by 10,198 contracts to 42,204 contracts by Tuesday.
The Cotlook A Index was back up 110 points on Thursday at 84.75 cents. ICE certified cotton stocks were unchanged on 6/12 ith the certified stocks level at 192,699 bales. The Adjusted World Price was down another 194 points last week at 61.26 cents/lb.
Jul 26 Cotton is at 73.48, up 54 points,
Dec 26 Cotton is at 76.98, up 56 points,
Mar 27 Cotton is at 78.28, up 64 points
