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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Cotton futures closed 95 points lower to 124 points higher. China cotton futures on the Zhengzhou exchange for January delivery were down 0.83%. Cash trading increased with business to business sales reported at 93 bales compared to 45 the previous day. Cert stocks dropped to 176,373 bales, with 6,539 decerts and one new cert. The Cotlook A Index is unchanged at 83.05. The weekly Commitment of Traders report showed managed money accounts decreasing their net long position in cotton by 4,006 contracts bringing their overall net long on July 22 to 3,618 contracts.