Cotton was higher as the buyers appeared once again to cover short cash market positions. Trends remain up and the tone of the market remains positive.
Cotton was a little lower on some follow-through selling in response to the USDA reports released on Friday that showed ample production and supplies for the U.S.
Cotton was sharply higher to limit up in response to a week of very strong export sales and reports of increased mil buying that appeared after prices held support areas on the charts.
Sugar futures were lower in both New York and London to start the new week but a firm crude oil market could help keep sugar prices high if more cane gets diverted into ethanol production.
Cotton was higher again and made new highs for the move on Friday.
Futures in London and New York were a little higher in consolidation trading.
New York closed and London lower. New york is holding a short term trading range, but trends started to turn down in London again.
New York and London both closed higher on follow through speculative buying. The buying came in ideas that futures are trying to forcé a bottom at current price levels.
The market closed a little lower after trading higher during the day part of the session. Trade talk indicates that a trading fund might have sold the opening.
There is white sugar to be had as Thailand is still offering and as India is thought to have a lot to sell.