Cotton yarn via Kelly Sikkema via Unsplash
Cotton futures are trading with Wednesday losses of 150 to 275 points at midday. Crude oil is 71 cents per barrel higher on the day, with the US dollar index down $0.122.
The Seam reported sales of 1,166 bales on 9/1 at an average price of 89.24 cents/lb. The Cotlook A index was up 100 points on Tuesday at 102.30. ICE certified cotton stocks were down 86 bales on September 1, with the certified stocks level at 63,092 bales. The Adjusted World Price was raised by another 190 points last week to 71.52 cents/lb.
Oct 26 Cotton closed at 87.27, down 274 points,
Dec 26 Cotton closed at 90.05, down 150 points,
Mar 27 Cotton closed at 92.17, down 151 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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