Cotton Posts Mixed Action on Thursday
Cotton price action is down 20 to 30 points on far on Friday morning. Futures closed the Thursday trade with front months down 4 points and other contracts up 5 points. The outside markets were pressure factors mixed, as the US dollar index is up $0.162 on the day to $98.245 and crude oil futures $0.67 lower.
The Seam reported 730 bales sold on Wednesday at an average price of 58.25 cents/lb. The Cotlook A Index was down 45 points at 77.50 cents on September 3. ICE cotton stocks were steady on 9/3, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 63 points on Thursday at 54.31 cents/lb.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Oct 25 Cotton closed at 64.69, down 4 points, currently unch
Dec 25 Cotton closed at 66.2, down 1 point, currently down 29 points
Mar 26 Cotton closed at 68.09, up 3 points, currently down 27 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.
More news from Barchart
