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DTN Closing Cotton            02/14 13:38

   Cotton Sputters Higher Friday

   The cotton market spent Friday's entire session higher, although it was 
muted trade. 

Keith Brown
DTN Contributing Cotton Analyst

   The cotton market spent Friday's entire session higher, although it was 
muted trade. In fact, given the amount of reduced open interest for spot March, 
the volume was noticeably lower.

   Friday afternoon at 3:30 p.m. EST, CFTC will update its latest Commitments 
of Traders data. For two consecutive weeks the managed-money funds have posted 
record net-short positions. At last count, that group was 62,000-plus contracts 
net short.

   Supposedly on Sunday morning, the National Cotton Council will announce its 
membership survey for 2025 acres. Most analysts expect a drastically lower 
number than any of recent years, if not to tell the truth, but also as an 
attempt to positively sway the new-crop market.

   The ICE Market will be closed this Monday for Presidents Day. Trading will 
resume Monday night at 9 p.m. EST.

   Crude oil was slightly lower Friday on the prospects for a peace deal 
between Russia and Ukraine. Some analysts believe such an event could ease 
global supply disruptions, as lifting sanctions on Moscow could boost global 
energy supplies

   For Friday, March was 67.11 cents, up 28 points; July ended at 69.11 cents, 
plus 23 points; and December finished at 69.39 cents, 24 points lower. Friday's 
estimated volume was 55,603 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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