Cotton futures slipped lower into the Monday close, as contracts were down 46 to 55 points on the day. Crude oil is up $4.12 per barrel, with the US dollar index $0.272 higher.
Weekly Crop Progress data showed 65% of the US cotton setting bolls as of Sunday, with 10% bolls opening. Condition ratings were pegged at 40% good/excellent, down 2 percentage points on the week. The Brugler500 index was down 6 points to 319.
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The Seam reported 246 bales sold on the August 7 sale, with an average price of 81.82 cents. The Cotlook A Index was up 20 points on 8/7 to 93.70 cents. ICE certified cotton stocks were steady on Friday, with the certified stocks level at 84,632 bales. The Adjusted World Price was raised by 163 points last week to 66.29 cents/lb.
Oct 26 Cotton closed at 82.72, down 50 points,
Dec 26 Cotton closed at 83.86, down 54 points,
Mar 27 Cotton closed at 85.72, down 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.
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