Cotton futures faded back off the midday gains on Wednesday, closing with mixed action of 3 points higher to a point lower. Crude oil futures were down 79 cents on the session. The US dollar index was weaker, down $0.177 to $96.940.
The Seam showed sales of 1,093 bales on Tuesday, with an average price of 61.43 cents/lb. The world focused Cotlook A Index was down 80 points at 78.65 on July 21. ICE cotton stocks were steady on 7/22, with the certified stocks level at 22,337 bales. USDA’s Adjusted World Price (AWP) was up a tick on Thursday at 54.72 cents/lb. It is in effect through this coming Thursday.
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Oct 25 Cotton is at 66.62, up 3 points,
Dec 25 Cotton is at 68.24, down 1 points,
Mar 26 Cotton is at 69.63, up 2 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.
