Cotton price action so far on Monday morning is showing 20 to 31 point losses. Futures closed with Friday losses of 18 to 24 points, as nearby May was up 163 points on the week. Crude oil futures were down 88 cents/barrel, as the US dollar index $0.292 lower on the day. 

Friday’s CFTC Commitment of Traders report showed managed money adding back 4,193 contracts to their net short in cotton futures and options as of March 25. They held a net short of 73,810 contracts by Tuesday. 

Analysts surveyed by Bloomberg estimate next Monday’s Prospective Planting report to show 9.9 million cotton acres. The range is from 8.8 to 10.5 million acres. 

The Seam showed 9,181 bales in online sales on March 27 at an average price of 60.15 cents/lb. The Cotlook A Index was back up 50 points on Wednesday at 77.90 cents/lb. ICE cotton stocks were unchanged on 3/27, with the current level of certified stocks at 14,488 bales. USDA’s Adjusted World Price (AWP) was back down 97 points in on Thursday afternoon report to 53.66 cents/lb. 

May 25 Cotton  closed at 66.89, down 18 points, currently down 24 points

Jul 25 Cotton  closed at 68.1, down 24 points, currently down 20 points

Dec 25 Cotton  closed at 70.06, down 23 points currently down 27 points