Cotton futures closed the Monday session with contracts up 21 to 54 points across most months. Crude oil was down $2.08 with the US dollar index $0.191 higher.
Weekly Crop Progress data showed 81% of the US cotton setting bolls as of Sunday, with 20% of the crop with bolls opening. Condition ratings were pegged at 37% good/excellent, down 1 percentage points on the week. The Brugler500 index was down another 6 points to 304.
The Cotlook A Index was back down 70 points on Friday at 98.20 cents. ICE certified cotton stocks were down 1,749 bales on August 21, with the certified stocks level at 68,894 bales. The Adjusted World Price was raised by 143 points last week to 69.62 cents/lb.
Oct 26 Cotton closed at 87.48, up 41 points,
Dec 26 Cotton closed at 88.83, up 48 points,
Mar 27 Cotton closed at 90.69, up 54 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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