Cotton futures are trading with Thursday losses of 1 to 42 points across most contracts. The outside markets are pressure factors, as the US dollar index is back up $0.582 on the day to $98.100 with crude oil futures 28 cents lower.
Export Sales data from this morning showed just 86,094 RB of cotton sold in the week of 9/18, a marketing year low. Shipments were a 3-week high at 137,223 RB.
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Tuesday’s online auction from The Seam showed 444 sales at an average price of 65.48 cents/lb. The Cotlook A Index was up 30 points to 78.15 cents on September 24. ICE cotton stocks were again steady on 9/24, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back up 69 points last week at 54.79 cents/lb. It will be updated later today.
Oct 25 Cotton is at 63.62, down 42 points,
Dec 25 Cotton is at 66.16, down 1 points,
Mar 26 Cotton is at 68.07, down 4 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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