Cotton Posting Mixed Thursday Trade
Cotton futures are showing mixed trade on Thursday, with contracts up 8 points to 5 points lower. Crude oil is up $1.62 per barrel on the session, with the US dollar index $0.330 higher.
Export Sales data will be pushed back to Friday due to the Wednesday Veterans Day federal holiday.
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The Seam reported 1,493 bales sold on 11/11, at an average of 74.65 cents/lb. The Cotlook A index was unchanged on November 10 at 90.85. ICE certified cotton stocks were up 1,190 on November 10, with the certified stocks level at 76,570 bales. The Adjusted World Price was down 94 points on last week to 63.57 cents/lb. It will be updated later today.
Dec 26 Cotton is at 78.6, up 8 points,
Mar 27 Cotton is at 82.39, unch
May 27 Cotton is at 84.05, down 1 points
On the date of publication, Austin Schroeder did not directly have a position 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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