Cotton futures are showing gains of 41 to 88 points so far on the Tuesday session. The US dollar index is back down $0.056 to $98.520, as crude oil futures are another $1.00/barrel lower.
Cotton exports excluding linters during June totaled 1.008 million bales, a 22.03% improvement from last year but down 20.02% from May.
The weekly Crop Progress report from NASS showed a total of 87% of the US cotton crop squared by August 3, 2 points back of normal. There were also 55% setting bolls, 3 points behind average, with 5% of the crop bolls opening. Conditions were unchanged at 55% gd/ex, with the Brugler500 index steady at 345 despite some shifting. Ratings in TX were down 8 points with GA improving 8 points
The Cotlook A Index was down a penny at 77.50 cents on August 4. ICE cotton stocks were steady on 8/4, with the certified stocks level at 21,617 bales. USDA’s Adjusted World Price (AWP) was back down 43 points on last week at 54.52 cents/lb. It is good through Thursday.
Oct 25 Cotton is at 65.44, up 88 points,
Dec 25 Cotton is at 67.14, up 50 points,
Mar 26 Cotton is at 68.39, up 41 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.
