Rolls of cotton fabric by hanohiki via iStock
Cotton futures posting losses of 113 to 128 points at midday. The dollar index is showing 560 point gains, at 101.015. Crude oil futures are down $0.59/barrel to add pressure via the synthetic market.Â
The Seam reported online cash sales of just 494 bales at an average price of 59.65 cents on Tuesday. ICE cotton stocks unchanged on August 27, leaving just 266 bales of cert stocks. The Cotlook A Index was back up 100 points on August 27 at 81.75 cents/lb. The USDA Average World Price (AWP) is 55.90 cents/lb for the week through Thursday, up 55 points from the week prior.
Dec 24 Cotton  is at 68.7, down 128 points,
Mar 25 Cotton  is at 70.42, down 116 points,
May 25 Cotton  is at 71.64, down 113 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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