Cotton price action is down 4 to 42 points so far on Monday morning. Futures were up 1 to 7 points in the front months on Friday, with contracts down 8 points to 20 points higher. December was up 355 points on the week. Crude oil was down 19 cents with the US dollar index $0.063 lower.
Commitment of Traders data showed managed money adding another 5,798 contracts to their net long in cotton futures and options during the week ending on August 18. That net long stood at 78,668 contracts on Tuesday.
