Cotton prices are showing gains of 25 to 36 points so far on Monday. Futures ended the Friday session with losses of 71 to 86 points, as March slipped 84 points last week. The outside markets were mixed factors, with the US dollar index up slightly and crude oil shooting $1.07barrel higher.

Commitment of Traders data showed a total of 5,840 contracts added to the spec funds net short position as of Tuesday, taking the position to 22,223 contracts by December 12.

Export Sales data took total cotton shipments to 2.293 million RB, down 12% from last year and 22% of USDA’s export forecast, lagging the 25% average shipping pace for this time of year. Total shipped and unshipped commitments are 7.012 million RB, down 12% from a year ago. That is also 66% of the USDA projection, behind the 73% average pace.

The Seam reported 5,661 bales of online sales on December 12 at an average price of 64.99 cents/lb. ICE cotton stocks were unchanged on Thursday, at 20,113 bales of certified stocks. The Cotlook A Index was up 65 points on 12/12 at 80.25 cents/lb. The USDA Adjusted World Price (AWP) was cut by 152 points on Thursday to 56.22 cents/lb. 

Mar 25 Cotton  closed at 69.27, down 82 points, currently up 34 points

May 25 Cotton  closed at 70.41, down 86 points, currently up 30 points

Jul 25 Cotton  closed at 71.41, down 85 points currently up 30 points