As of last Friday, the spec community had increased its net long position to the equivalent of 11 percent of the open interest up from 10.4 percent a week earlier. Spec longs increased their positions by 6,196 and their shorts by 3,774. Commercials added 2,543 long hedges but 4,965 short hedges.
Open interest in cotton futures jumped 8,739 contracts last week, 3,187 which came on Friday Certificated stocks this morning were reported at 1,463,264 with another 80,237 awaiting review. Of the cert stock, 1,086,891 are from the current crop and have no "year of growth" penalty attached.
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