Cotton prices are down 30 to 40 points so far on Thursday morning. Futures saw a turnaround on Wednesday, with contracts closing 20 to 25 point gains across the front months. The US dollar index was back down $0.400 on Tuesday to $98.410, with crude oil $0.05 /barrel higher.
Tuesday’s online auction from The Seam showed just 45 bales sold with an average price of 47.24 cents/lb. The Cotlook A Index was down another 35 points on 10/14 at 74.95 cents. ICE certified cotton stocks unchanged on October 14, with the certified stocks level at 16,593 bales.
Dec 25 Cotton closed at 63.76, up 25 points, currently down 40 points
Mar 26 Cotton closed at 65.33, up 24 points, currently down 34 points
May 26 Cotton closed at 66.55, up 24 points, currently down 36 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.
