Cotton Trading with Thursday AM Strength
Cotton price action is up 38 to 63 points on Thursday morning. Futures saw gains of 42 to 91 points across most contracts on Wednesday session. Crude oil is up another $2.14 per barrel, with the US dollar index down 0.061.
The NOAA 7-day QPF shows very limited precipitation across much of TX and the southeast for the next week.
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The Cotlook A Index was up 35 points on 7/20 at 88.00 cents. ICE certified cotton stocks were down 3,565 on July 21, with the certified stocks level at 94,235 bales. The Adjusted World Price was raised by 3.52 cents last week to 65.37 cents/lb.
Oct 26 Cotton closed at 79.87, up 91 points, currently up 63 points
Dec 26 Cotton closed at 81.11, up 69 points, currently up 34 points
Mar 27 Cotton closed at 82.45, up 71 points, currently up 43 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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