Cotton futures are trading with 3 to 18 point losses at the Thursday midday, as outside markets are continuing to add pressure. The US dollar index is up $0.169 to $99.770, as crude oil futures are 74 cents/barrel higher.
This morning’s Export Sales report indicated a total of 39,124 RB of old crop cotton in the week ending on July 24, the highest in 3 weeks. Sales for new crop were 71,683 RB. Shipments were 230,949 RB which was a 3-week high.
The Seam showed sales of 326 bales on Wednesday, with an average price of 64.83 cents/lb. The Cotlook A Index was down 60 points at 78.20 cents on July 30. ICE cotton stocks were steady on 7/29, with the certified stocks level at 21,617 bales. USDA’s Adjusted World Price (AWP) was up 23 points last week at 54.95 cents/lb. It will be updated later today.
Oct 25 Cotton is at 66.08, up 18 points,
Dec 25 Cotton is at 67.47, down 3 points,
Mar 26 Cotton is at 68.77, down 7 points
