Cotton Falls into Wednesday’s Close
Cotton futures are in retreat mode from the early session gains, as contracts are up 3 to 5 points at midday. Crude oil futures were back down 76 cents per barrel at $56.40. The US dollar index was up $0.173 at $98.335.
The Tuesday online auction from The Seam showed sales of 61.13 cents/lb on 41,576 bales. The Cotlook A Index was up 65 points on January 6 at 74.70 cents. ICE certified cotton stocks were steady on 1/6 with the certified stocks level at 11,510 bales. The Adjusted World Price was updated to 50.76 cents/lb last week, up 74 points from the week prior.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Mar 26 Cotton closed at 64.85, down 21 points,
May 26 Cotton closed at 66.27, down 16 points,
Jul 26 Cotton closed at 67.61, down 13 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.
