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.
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.
