Cotton futures closed with steady to 11 point gains on Friday, with December down 33 points on the day and 114 points on the week. Crude oil futures dropped $1.01 to $57.99 per barrel, while the US dollar index rose to $100.100.
Commitment of Traders data revealed spec funds in cotton futures and options added 11,586 contracts to their net short position, totaling 76,326 contracts as of 10/7.
The 11/20 online auction from The Seam saw 4,173 bales sold at an average price of 62.69 cents/lb. ICE certified cotton stocks held steady at 20,344 bales, with the Cotlook A Index dropping 65 points to 74.00 cents.
Dec 25 Cotton closed at 61.35, down 33 points, Mar 26 Cotton closed at 63.85, up 11 points, May 26 Cotton closed at 65.07, up 7 points.
Read more at Yahoo Finance: Cotton Pushes Higher into the Friday Close
