Cotton futures are down 59 to 101 points so far on the Friday session. The US dollar index is down $0.058 on the day to $97.680, with crude oil futures $0.68 lower.
USDA reported the accumulated cotton export sale commitments at 3.412 million RB, down 23% from last year. That is 30% of the USDA export projection and behind the 47% average sales pace.
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The Cotlook A Index was unchagned at 78.20 cents on August 28. ICE cotton stocks were steady on 8/28, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back down 59 points on Thursday at 54.94 cents/lb.
Oct 25 Cotton is at 65.03, down 101 points,
Dec 25 Cotton is at 66.62, down 68 points,
Mar 26 Cotton is at 68.49, down 59 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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