Cotton futures posted Monday losses of 7 to 10 points in the nearbys at the close, with October down 62 cents. The US dollar index was back down $0.320 on the day to $96.950 and crude oil futures 3 cents lower.
Crop Progress data showed a total of 60% of the US cotton crop with bolls opening, 1% above the average pace. Harvest was at 12% complete, on par with normal. Cotton conditions were down 5% to 47% gd/ex, as the Brugler500 index fell 11 points to 333.
NASS released their not twice a month Cotton Ginnings report, with 464,300 RB of cotton ginned as of September 15 across the country, 31% below the same point last year.
The Cotlook A Index was down another 25 points at 78.40 cents on September 19. ICE cotton stocks were again steady on 9/19, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back up 69 points on Thursday at 54.79 cents/lb.
Oct 25 Cotton closed at 64.32, down 62 points,
Dec 25 Cotton closed at 66.22, down 7 points,
Mar 26 Cotton closed at 68.18, down 10 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.
