Cotton prices are trading with Thursday morning losses of 3 to 6 points. Futures were back up 48 to 71 points across the board at the Wednesday close. Crude oil was down 69 cents per barrel, with the US dollar index down $0.189.
The NOAA 7-day QPF shows dryness continuing across much of TX in the next week, with very light totals in the Gulf and up to an inch of rain in parts of GA.
The Cotlook A Index was up 90 points on Tuesday at 93.70 cents. ICE certified cotton stocks were down 1,739 bales on August 4 via decertification, with the certified stocks level at 84,632 bales. The Adjusted World Price was raised by 84 points last week to 64.66 cents/lb. It is good through Thursday.
Oct 26 Cotton closed at 81.84, up 71 points, currently down 5 points
Dec 26 Cotton closed at 83.02, up 56 points, currently down 7 points
Mar 27 Cotton closed at 84.71, up 66 points, currently down 4 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.
More news from Barchart