Cotton futures are down 2 to 21 points at midday. The US dollar is currently 523 points lower, but providing little assistance to commodity prices overall. The US cotton harvest progressed another 10% over the last week and was reported at 64% complete as of Sunday, even with the average pace. Online cash sales reported by The Seam were up to 12,421 bales, as prices rose 37 points to 68.61 cents/lb. The Cotlook A index for November 13 was 55 points lower to 79.90 cents/lb. The Commitment of Traders report showed managed money lowering their net long position by 2,431 contracts. That net position stood at 44,883 contracts for the week that ended 11/7.
Dec 17 Cotton is at 68.86, down 2 points,
Mar 18 Cotton is at 68.79, down 14 points
May 18 Cotton is at 69.73, down 18 points
Jul 18 Cotton is at 70.210, down 21 points