Cotton futures settled the Thursday session with contracts down 20 to 27 cents on the day. The outside factors were supportive but ignored. Crude oil futures were up 28 cents/barrel, with the US dollar index $0.818 lower.
The Seam reported 5,968 bales in online sales on 2/19 at an average price of 60.04 cents/lb. The Cotlook A Index was back up 60 points on Wednesday at 79.40 cents/lb. After ICE cotton stocks were building on Tuesday, they were left unchanged at February 19 at 1,732 bales of certified stocks. The USDA raised their Adjusted World Price (AWP) again this week by 68 points to 54.67 cents/lb.
Mar 25 Cotton closed at 65.97, down 27 points,
May 25 Cotton closed at 67.47, down 21 points,
Jul 25 Cotton closed at 68.47, down 20 points
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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