Cotton futures are back to 17 to 43 point lower trade across most contracts on Thursday. The US dollar index is up $0.194 on the day to $97.575, with crude oil falling $1.18/barrel.
Wednesday’s online auction from The Seam showed 2,158 sales at an average price of 62.98 cents/lb. The Cotlook A Index was back up 25 points on October 1 to 77.15 cents. ICE cotton stocks were unchanged on 10/1, with the certified stocks level at 17,891 bales. USDA’s Adjusted World Price (AWP) was back down 41 points last week at 54.38 cents/lb. It is good through today.
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Oct 25 Cotton is at 63.15, down 17 points,
Dec 25 Cotton is at 65.16, down 43 points,
Mar 26 Cotton is at 67.06, down 40 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.
