Cotton Slipping Lower on Tuesday
Cotton futures are showing losses at midday, with contracts down 43 to 47 points on Tuesday. Crude oil futures are adding some pressure, down $1.88/barrel, with the US dollar index slipping $0.249 on the day.
The Cotlook A Index was down another 15 points on 2/24 at 77.90 cents/lb. ICE cotton stocks were steady on Monday at 1,732 bales of certified stocks. The Seam showed 6,184 bales in online sales on February 24, with an average price of 61.89 cents/lb. The USDA raised their Adjusted World Price (AWP) last Thursday by 68 points to 54.67 cents/lb.
Commodity Bulletin: From crude oil to coffee, this FREE newsletter is for industry pros and rookies alikeMar 25 Cotton is at 66.08, down 43 points,
May 25 Cotton is at 67.41, down 47 points,
Jul 25 Cotton is at 68.33, down 47 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
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