Cotton #2 Futures PricesFri, Nov 21st, 2014
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Cotton futures were higher on the day, despite a sharply higher US Dollar index. December futures posted a triple digit gain, but ended the week 40 points lower. Cert stocks available for December futures delivery were reported at 22,729 bales as of November 20, down 1,320. Chinese imports from all sources are down 38.1% through October, based on customs data. The Cotlook A index is down 0.20 at 65.90. The CFTC Commitment of Traders report showed that as of the Tuesday close, managed money accounts had flipped to a net-short position. Their net short position was reported as -3,454 contracts, a net swing of -18,336 contracts from the previous weekly report.
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