Cotton Posting Midday Losses
Cotton futures are up 41 to 85 points so far on Wednesday. The outside markets are a pressure factor, with crude oil futures falling $2.27/barrel and the US dollar index up $0.182 to $99.200.
The Tuesday online auction from The Seam showed sales of 854 bales at an average price of 65 cents/lb. The Cotlook A Index was down 115 points on Tuesday at 79 cents/lb. ICE cotton stocks were steady on April 29 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was up 145 points last Thursday to 54.88 cents/lb.
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May 25 Cotton is at 65.5, down 85 points,
Jul 25 Cotton is at 66.08, down 41 points,
Dec 25 Cotton is at 67.79, down 48 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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