Cotton #2 May '23 (CTK23)
Cotton #2 Futures Market News and Commentary
Cotton futures closed with 4 to 49 points on Friday, with July still down 81 points on the week, as December fell 106 points. Crude oil was down $3.50 to $84.21/barrel. The US dollar index was down $0.054 at $99.795.Â
CFTC data showed managed money trimming their net short in cotton futures and options by 10,198 contracts to 42,204 contracts by Tuesday.
USDA’s Export Sales report now has the old crop cotton commitments at 11.541 million RB, which is 101% of the USDA export projection revised higher on Thursday, and behind the 110% average sales pace. Shipments are 9.183 million RB, which was 80.3% of the USDA estimate and compares to the 82% average shipping pace.
The Seam shows sales on 1,071 bales in Thursday’s online auction with an average price of 63.24 cents/lb. The Cotlook A Index was unchanged on 6/11 at 83.65 cents. ICE certified cotton stocks were down 90 bales on June 12 with the certified stocks level at 192,699 bales. The Adjusted World Price was down... Read more
Barchart · Fri Jun 12, 4:47PM CDT
Cotton futures closed with 4 to 49 points on Friday, with July still down 81 points on the week, as December fell 106 points. Crude oil was down $3.50...
Barchart · Fri Jun 12, 3:41PM CDT
July arabica coffee (KCN26 ) on Friday closed up +3.25 (+1.28%), and July ICE robusta coffee (RMN26 ) closed up +131 (+3.78%). Coffee prices on Friday...
Best Weather Inc. · Fri Jun 12, 3:40PM CDT
Mother Nature at the Wheel
Barchart · Fri Jun 12, 1:57PM CDT
July NY world sugar #11 (SBN26 ) on Friday closed down -0.09 (-0.65%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -1.70 (-0.38%). Sugar prices...
Barchart · Fri Jun 12, 1:56PM CDT
July ICE NY cocoa (CCN26 ) on Friday closed up +69 (+1.86%), and July ICE London cocoa #7 (CAN26 ) closed up +7 (+0.24%). Cocoa prices saw some pre-weekend...
Barchart · Fri Jun 12, 1:55PM CDT
July arabica coffee (KCN26 ) on Friday closed up +3.25 (+1.28%), and July ICE robusta coffee (RMN26 ) closed up +131 (+3.78%). Coffee prices on Friday...
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