Closeup of cotton plant via bobbycrim via Pixabay
Cotton futures are holding steady on Wednesday at midday, with contracts just 3 to 8 points higher in the front months. Crude oil is up 28 cents per barrel, with the US dollar index $0.272 higher.
The Cotlook A Index was unchanged on Tuesday at 98.20 cents. ICE certified cotton stocks were up 2,567 on August 25, with the certified stocks level at 66,327 bales. The Adjusted World Price was raised by 143 points last week to 69.62 cents/lb.
Oct 26 Cotton is at 87.16, up 8 points,
Dec 26 Cotton is at 88.37, up 3 points,
Mar 27 Cotton is at 90.26, up 3 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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