Cotton futures dropped another triple digits on Thursday with the thin October contract closing at a 238 point loss.
USDA’s daily Classings data had 20,470 bales for TX, with no other states reporting.
Census export data showed 981,064 bales were shipped during the month of July. That finished the 2022/23 season with 13.056m bales of exports – a little stronger than the WASDE estimated total of 12.8m bales.
The 9/5 Cotlook A Index remained UNCH at 100.1 cents/lb. The Seam reported 2,041 bales were sold on 9/05 for an average gross price of 77.87 cents. The AWP for cotton is 71.56 cents. ICE Certified Stocks were 352 bales on 8/31.
Dec 23 Cotton closed at 85.38, down 162 points,
Mar 24 Cotton closed at 85.56, down 154 points,
May 24 Cotton closed at 85.73, down 149 points
On the date of publication, Alan Brugler 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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