Cotton futures slipped lower into the Monday close, as contracts were down 46 to 55 points on the day. Crude oil is up $4.12 per barrel, with the US dollar index $0.272 higher.
Weekly Crop Progress data showed 65% of the US cotton setting bolls as of Sunday, with 10% bolls opening. Condition ratings were pegged at 40% good/excellent, down 2 percentage points on the week. The Brugler500 index was down 6 points to 319.
The Seam reported 246 bales sold on the August 7 sale, with an average price of 81.82 cents. The Cotlook A Index was up 20 points on 8/7 to 93.70 cents. ICE certified cotton stocks were steady on Friday, with the certified stocks level at 84,632 bales. The Adjusted World Price was raised by 163 points last week to 66.29 cents/lb.
Oct 26 Cotton closed at 82.72, down 50 points,
Dec 26 Cotton closed at 83.86, down 54 points,
Mar 27 Cotton closed at 85.72, down 46 points
