Cotton futures are trading with mixed so far on Monday’s midday, a nearbys are 6 points within unchanged. The outside markets are pressure factors, with crude oil down 42 cents/barrel and the US dollar index up $0.113 to $98.305.
Th Friday online auction from The Seam showed 463 bales sold with an average price of 62.58 cents/lb. The Cotlook A Index was steady on 10/17 at 75.10 cents. ICE certified cotton stocks were up 1 bale on October 17, with the certified stocks level at 16,752 bales. The AWP is still not being reported due to the government shutdown.
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Dec 25 Cotton is at 64.25, down 3 points,
Mar 26 Cotton is at 65.84, up 6 points,
May 26 Cotton is at 67.03, up 6 points
