Cotton futures are trading with midday gains of 30 to 54 points on Monday. The US dollar index is up $0.308 to $98.020, as crude oil futures are back up another $0.31.
CFTC data showed a total of 1,931 contracts added to the managed money net short position as of Tuesday, taking it to 57,083 contracts on August 12.
The Seam reported 401 bales sold in the Friday online auction at an average price of 57.93 cents/lb. The Cotlook A Index was unchanged at 79.40 cents on August 15. ICE cotton stocks were steady on 8/15, with the certified stocks level at 17,017 bales. USDA’s Adjusted World Price (AWP) was back up 66 points on Thursday at 55.05 cents/lb.
Oct 25 Cotton is at 66.64, up 54 points,
Dec 25 Cotton is at 67.85, up 31 points,
Mar 26 Cotton is at 69.37, up 30 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.
