Cotton Posting Mixed Wednesday Trade
Cotton futures are trading with contracts up 4 points to 12 points lower in the front months. Crude oil is back down $3.30 per barrel on the session, with the US dollar index up $0.104.
The Seam reported an average sale price of 80.51 cents in Tuesday’s sale, of 2,380 bales. The Cotlook A index was down 150 points on 9/15 at 96.15. ICE certified cotton stocks were down 532 bales on September 15, with the certified stocks level at 37,930 bales. The Adjusted World Price was back down 441 points on last week to 69.51 cents/lb.
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Oct 26 Cotton is at 81.14, up 4 points,
Dec 26 Cotton is at 84.36, down 12 points,
Mar 27 Cotton is at 86.91, down 8 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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