Cotton futures are trading with Tuesday gains of 35 to 40 points so far on Tuesday, with October down 8 points ahead of first notice day. The outside markets are supportive, with the US dollar index down $0.045 on the day to $96.930 and crude oil futures $1.14 higher.Â
Crop Progress data showed a total of 60% of the US cotton crop with bolls opening, 1% above the average pace. Harvest was at 12% complete, on par with normal. Cotton conditions were down 5% to 47% gd/ex, as the Brugler500 index fell 11 points to 333. The only states to see an increase were AR and OK, as GA ratings were down 9 points, with TX slipping 13 points.
The Cotlook A Index was down another 55 points at 77.85 cents on September 22. ICE cotton stocks were again steady on 9/19, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back up 69 points on Thursday at 54.79 cents/lb.
Oct 25 Cotton  is at 64.24, down 8 points,
Dec 25 Cotton  is at 66.62, up 40 points,
Mar 26 Cotton  is at 68.53, up 35 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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