Cotton #2 May '21 (CTK21)
Cotton #2 Futures Market News and Commentary
Cotton futures were 8 to 56 cents lower in most contracts on Friday, with July down 319 points on the week. December was down 258 points since last Friday. The US dollar index was $0.052 higher at $99.270. Crude oil was up $0.65 on the day to $97.00. The market will be closed on Monday for Memorial Day, with a normal open for the Tuesday session.
CFTC data showed managed money adding another 2,475 contracts of cotton futures and options to their net long in the week ending on 5/19, taking it to 62,045 contracts.
USDA’s Export Sales report has the total cotton export commitment level at 10.994 million RB, which is 1% below last year. That is 98% of the USDA export projection and behind the 106% average. Â
The Seam reported 962 sales on Thursday at an average of 75.27 cents/lb. The Cotlook A Index was back down 75 points on May 21 at 91.50 cents. ICE certified cotton stocks were up 3,746 on Thursday with the certified stocks level at 213,969 bales. The Adjusted World... Read more
Barchart · Fri May 22, 4:16PM CDT
Cotton futures were 8 to 56 cents lower in most contracts on Friday, with July down 319 points on the week. December was down 258 points since last Friday....
Barchart · Fri May 22, 1:32PM CDT
July NY world sugar #11 (SBN26 ) on Friday closed down -0.20 (-1.34%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.60 (-0.58%). Sugar prices...
Barchart · Fri May 22, 1:30PM CDT
July ICE NY cocoa (CCN26 ) on Friday closed up +29 (+0.77%), and July ICE London cocoa #7 (CAN26 ) closed up +10 (+0.45%). Cocoa prices recovered from...
Barchart · Fri May 22, 1:28PM CDT
July arabica coffee (KCN26 ) on Friday closed down -1.05 (-0.38%), and July ICE robusta coffee (RMN26 ) closed up +57 (+1.68%). Coffee prices on Friday...
Barchart · Fri May 22, 12:10PM CDT
Cotton futures are down 50 to 77 points at Friday’s midday. The US dollar index was $0.003 lower at $99.215. Crude oil was up $0.54 on the day to $98.89....
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