Cotton Mixed at Midday Trade
Cotton futures are trading with contracts mixed, as nearby July is up 19 points and most other contracts down 5 to 10 points. Crude oil prices are up $0.22/barrel, with the US dollar index back down $0.212 to $98.930.
The managed money crowd in cotton futures and options added 3,386 contracts to their large net short position of 46,605 contracts as of Tuesday June 3rd.
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The Cotlook A Index was back up 25 points on 6/6 at 77.75. ICE cotton stocks were down 174 bales on June 5 via decertification, with a certified stocks level of 51,965 bales. USDA’s Adjusted World Price (AWP) was back down 8 points last week at 53.76 cents/lb.
Jul 25 Cotton is at 65.81, up 19 points,
Oct 25 Cotton is at 66.34, down 110 points,
Dec 25 Cotton is at 68.14, down 7 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.
