Cotton futures are trading with mixed trade on Tuesday, as contracts are down 19 points to up 10 at midday. Crude oil is up $0.88 per barrel, with the US dollar index $0.007 higher.
Weekly Crop Progress data showed 65% of the US cotton setting bolls as of Sunday, with 10% bolls opening. Condition ratings were pegged at 40% good/excellent, down 2 percentage points on the week. The Brugler500 index was down 6 points to 319. Ratings in Texas were down 11 piunts, with GA up 3 points.
The Cotlook A Index was up 125 points on August 8 to 95.95 cents. ICE certified cotton stocks were down 2,119 bales on Monday, with the certified stocks level at 82,513 bales. The Adjusted World Price was raised by 163 points last week to 66.29 cents/lb.
Oct 26 Cotton is at 82.53, down 19 points,
Dec 26 Cotton is at 83.85, down 1 points,
Mar 27 Cotton is at 85.73, up 1 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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