Rolls of cotton thread by Marina Ermakova via Unsplash
Cotton futures are trading with mixed so far on Monday’s midday, a nearbys are 6 points within unchanged. The outside markets are pressure factors, with crude oil down 42 cents/barrel and the US dollar index up $0.113 to $98.305.
Th Friday online auction from The Seam showed 463 bales sold with an average price of 62.58 cents/lb. The Cotlook A Index was steady on 10/17 at 75.10 cents. ICE certified cotton stocks were up 1 bale on October 17, with the certified stocks level at 16,752 bales. The AWP is still not being reported due to the government shutdown.
Dec 25 Cotton is at 64.25, down 3 points,
Mar 26 Cotton is at 65.84, up 6 points,
May 26 Cotton is at 67.03, up 6 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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