Cotton Posting Midday Wednesday Gains
Cotton futures are trading with gains of 44 to 100 points so far on the Wednesday session. Crude oil is up another $2.06 per barrel, with the US dollar index down 0.036.
The Cotlook A Index was up 35 points on 7/20 at 88.00 cents. ICE certified cotton stocks were down 3,565 on July 21, with the certified stocks level at 94,235 bales. The Adjusted World Price was raised by 3.52 cents last week to 65.37 cents/lb.
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Oct 26 Cotton is at 79.96, up 100 points,
Dec 26 Cotton is at 80.86, up 44 points,
Mar 27 Cotton is at 82.2, up 46 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.
