Cotton Closes Mixed on Wednesday
Cotton futures closed the Wednesday session on a mixed note, with contracts down 16 points to 28 points higher. Crude oil was up $3.65to $91.85/barrel. The US dollar index was up $0.130 at $100.045.
The Cotlook A Index was back up 40 points on 6/9 at 85.90 cents. ICE certified cotton stocks were down 25,818 bales on June 9 with the certified stocks level at 231,683 bales. The Adjusted World Price was down another 29 points last week at 63.20 cents/lb.
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Jul 26 Cotton closed at 71.1, down 16 points,
Dec 26 Cotton closed at 75.3, unch
Mar 27 Cotton closed at 76.6, up 2 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.
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