Cotton Slipping Lower Early on Tuesday
Cotton price action is own 14 to 16 points on Tuesday AM trade. Futures closed the Monday trade with contracts 6 to 22 points higher on Monday. Crude oil is up $1.31 per barrel on the session, with the US dollar index $0.343 higher.
The Seam reported 2,539 bales sold on 10/9, at an average of 79.53 cents/lb. The Cotlook A index was unchanged points on October 9 at 90.65. ICE certified cotton stocks were steady on Friday, with the certified stocks level at 17,756 bales. The Adjusted World Price was down another 135 points last week to 63.81 cents/lb.
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Dec 26 Cotton closed at 80.6, up 6 points,
Mar 27 Cotton closed at 83.81, up 22 points,
May 27 Cotton closed at 85.48, up 18 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.
