Closeup of cotton plant via bobbycrim via Pixabay
Cotton futures are trading with 30 to 50 point losses across most contracts on Wednesday. The US dollar index was down another $0.034 on the day to $97.485, with crude oil slipping back 44 cents.
Tuesday’s online auction from The Seam showed 942 sales at an average price of 63.62 cents/lb. The Cotlook A Index was down 80 points on September 30 at 76.90 cents. ICE cotton stocks were up 2,417 bales on 9/30, with the certified stocks level at 17,891 bales. USDA’s Adjusted World Price (AWP) was back down 41 points last week at 54.38 cents/lb. It is good through Thursday.
Oct 25 Cotton is at 63.32, up 27 points,
Dec 25 Cotton is at 65.29, down 48 points,
Mar 26 Cotton is at 67.23, down 34 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.
