Cotton futures are 7 to 44 points higher this morning. They saw mixed trade on Friday, as the front months were 21 to 64 points in the green with back months lower. The lightly traded Oct contract lost 3.68% on the week. The new weekly AWP is 65.47 cents/lb, an increase of 14 points from the previous week. The CFTC reported cotton futures and options spec traders had reduced their net long position to 22,510 contracts in the COT report. Friday saw sales of 18,700 MT of cotton from state reserves in China, as 29,900 MT were offered.

Market Commentary provided by:

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