Cotton futures are trading with 9 to 25 points higher so far on Tuesday’s midday. Crude oil futures are down $1.09 per barrel at $57.73 on the day, with the US dollar index $0.447 lower to $99.620.
Export Sales data for the week ending on October 9 showed 157,636 RB of cotton sales, below the week prior. Shipments were 139,250 RB, which was 11.71% below the previous week.
NASS released their last Crop Progress report for the year this afternoon showing the US cotton crop at 79% complete, behind the 80% average pace.
The November 24 online auction from The Seam showed 6,094 bales sold at an average price of 61.47 cents/lb. The Cotlook A Index was unchanged on Monday 21 at 74.10 cents. ICE certified cotton stocks were steady on 11/24 with the certified stocks level at 20,344 bales. The Adjusted World Price was updated to 50.80 cents/lb last week, down 103 points from the previous week. It is into effect through Thursday.
Dec 25 Cotton is at 61.44, up 9 points,
Mar 26 Cotton is at 64.24, up 24 points,
May 26 Cotton is at 65.45, up 22 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.
More news from Barchart
