Cotton price futures are trading with thin October up 67 points and other contracts down 3 to 8 points. The outside markets are supportive on Wednesday, as US dollar index was down $0.084 on the day to $98.035 and crude oil futures were up $1.05
The Seam reported 692 bales sold in the Tuesday online auction at an average price of 63 cents/lb. The Cotlook A Index was up 15 points at 79.30 cents on August 18. ICE cotton stocks were down 1,011 bales on 8/19, with the certified stocks level at 16,006 bales. USDA’s Adjusted World Price (AWP) was back up 66 points last week at 55.05 cents/lb. It will be updated again on Thursday.
Oct 25 Cotton is at 66.92, up 67 points,
Dec 25 Cotton is at 67.48, down 8 points,
Mar 26 Cotton is at 69.16, down 3 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.
