Cotton futures are down 7 to 12 points across most front months at Thursday’s midday. Crude oil futures are down $1.15 per barrel at $57.32, with the US dollar index $0.568 lower to $98.200.
Export Sales data was released this morning for the week of 11/13 showed cotton bookings at 187,648 RB, back down from last year. Shipments were the second lowest this marketing year at 113,219 RB.
September cotton exports (excluding linters) totaled 592,176 bales, which was up 17.16% from last year but a 7.88% drop from August.
Wednesday’s online auction from The Seam showed sales of 9,650 bales at an average price of 60.52 cents/lb. The Cotlook A Index was back up 25 points on 12/10 at 73.95 cents. ICE certified cotton stocks were steady on December 10 with the certified stocks level at 13,971 bales. The Adjusted World Price was updated last week to 51.28 cents/lb last week, up 51 points from the previous week.
Mar 26 Cotton is at 64, down 12 points,
May 26 Cotton is at 65.08, down 9 points,
Jul 26 Cotton is at 66.09, down 7 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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