Cotton Falling Back on Thursday
Cotton futures are trading with 35 to 40 point losses at midday. Crude oil futures are down $1.43 per barrel at $60.67. The US dollar index is down $0.418 to $98.145.
The Tuesday online auction from The Seam showed sales of 59.15 cents/lb on 17,692 bales. The Cotlook A Index was down 25 points on January 21 at 74.55 cents. ICE certified cotton stocks were unchanged on 1/21 via decertification with the certified stocks level at 10,422 bales. The Adjusted World Price was updated to 51.17 cents/lb last week, up 20 points from the week prior.
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Mar 26 Cotton is at 63.93, down 37 points,
May 26 Cotton is at 65.54, down 38 points,
Jul 26 Cotton is at 67.03, down 37 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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