Cotton #2 Dec '24 (CTZ24)
Cotton #2 Futures Market News and Commentary
Cotton futures faced outside pressure on Friday, with contracts down 41 to 137 points across the board, with July falling 240 points. The US dollar index was up $0.643 at $100.025. Crude oil losses of $2.79 added some modest pressure.
Weekly CFTC data showed spec funds trimming 1798 contracts from their net long and cotton futures and options as of June 2, taking that position to 52,402 contracts.
USDA’s Export Sales data has 11.33 million RB of cotton export business, down just 1% from the same week last year. That is 101% of the USDA export projection and 8 percentage points behind normal. Shipments are 79% of that estimate at 8.883 million RB, near the 80% average pace.
The Seam reported sales on 475 bales on June 4 at an average of 70.29 cents/lb. The Cotlook A Index was unchanged on Thursday at 87.50 cents. ICE certified cotton stocks were down 4,592 on 6/4 with the certified stocks level at 250,429 bales. The Adjusted World Price was down another 29 points on... Read more
Barchart · Fri Jun 5, 5:13PM CDT
Cotton futures faced outside pressure on Friday, with contracts down 41 to 137 points across the board, with July falling 240 points. The US dollar index...
Barchart · Fri Jun 5, 1:27PM CDT
July NY world sugar #11 (SBN26 ) on Friday closed down -0.13 (-0.91%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.30 (-0.51%). Sugar prices...
Barchart · Fri Jun 5, 1:26PM CDT
July ICE NY cocoa (CCN26 ) on Friday closed down -203 (-5.12%), and July ICE London cocoa #7 (CAN26 ) closed down -113 (-3.75%). Cocoa prices extended...
Barchart · Fri Jun 5, 1:24PM CDT
July arabica coffee (KCN26 ) on Friday closed down -0.65 (-0.26%), and July ICE robusta coffee (RMN26 ) closed down -36 (-1.07%). Coffee prices settled...
Barchart · Fri Jun 5, 12:26PM CDT
Cotton futures are trading with contracts 70 to 86 points in most front months on Friday. The US dollar index is up $0.618 at $100.00. Crude oil losses...
Barchart · Fri Jun 5, 11:23AM CDT
July NY world sugar #11 (SBN26 ) today is down -0.10 (-0.70%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.50 (-0.56%). Sugar prices are moving...
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