Cotton futures are down 53 to 65 points so far on the Tuesday session. The outside markets are mixed factors, as the US dollar index is back down $0.238 on the day to $98.080, with crude oil futures $1.45 lower.
On Monday afternoon. NASS reported the US cotton crop at 71% setting bolls, 6 points behind normal, with 20% of the crop with bolls opening, down 2 percentage points from average. Condition ratings slipped 1% to 54% gd/ex, with the Brugler500 index unchanged at 349.
The Seam reported a total of 1,051 bales sold on Monday at an average price of 65.25 cents/lb. The Cotlook A Index was steady at 78.90 cents on August 22. ICE cotton stocks were steady on 8/22, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was up 48 points last Thursday at 55.53 cents/lb.
Oct 25 Cotton is at 65.46, down 53 points,
Dec 25 Cotton is at 66.7, down 62 points,
Mar 26 Cotton is at 68.56, down 56 points
