Front month cotton futures closed the day 52 to 88 points in the red. Dec futures still closed 2.56 cents/lb above last Friday. Through July, Dec cotton rallied 1.66 cents. From USDA’s weekly Cotton Market review, the average spot price for cotton this week was 56.73 cents/lb. That was down 1.45 cents from last week’s average price with much more cash activity. The full week’s range was 55.67 to 58.53 c/lb. Through Thursday, 23,753 bales were sold at a wtd cash price of 58.89 cents/lb on The Seam. CFTC’s weekly data release showed cotton spec funds reduced their net long by 4,738 contracts to 25,635 on July 28. That came via long liquidation. The Cotlook A index was 50 points higher to 67.05 cents/lb on July 30. The week’s AWP is 47.71 cents/lb, down 133 points from last week. The updated LDP is 4.29 cents/lb.

--- provided by Brugler Marketing & Management