CFTC Report

The latest CFTC commitments of traders data reflected a 16.8 percent speculative net short margin (largest short margin since March 25) of the total open interest on June 10 (217,909) after speculators added 655 longs and 471 shorts during the week compared with a 15.9 percent net short margin the previous report. Commercial traders held a 16.6 percent net long margin after reducing longs by 9,460 and shorts by 8,666.

The Commodity Futures Trading Commission’s latest report of cotton futures and options, in the week to June 17, Managed Money investors increased longs by 885 while reducing shorts by 943, lowering their net short position by 2,016 contracts (201,600 bales), for a total net short position of 5,084,300 bales.

Posted in: Cotlook Headlines News