Cotton futures are trading with 42 to 70 point gains across the front months on Friday. The US dollar index was $0.207 higher at $99.915. Crude oil is up $4.32 on the day to $98.80.
Export Sales data now has the 9.556 million RB of combined cotton sales and shipments as of 3/19, down 7% from a year ago. That is 85% of the USDA export projection and lags the 98% average sales pace.
March Intentions data is expected to show cotton acreage at 9.229 million acres according to a Reuters survey of analysts, which would be slightly below last year.
The Seam showed 6,389 bales sold on March 26 at an average of 64.16 cents/lb. The Cotlook A Index was up 65 points on Thursday at 78.85 cents. ICE certified cotton stocks were unchanged on 3/26, with the certified stocks level at 114,665 bales. The Adjusted World Price was raised by 25 points on Thursday to 54.47 cents/lb.
May 26 Cotton is at 69.83, up 42 points,
Jul 26 Cotton is at 72.08, up 56 points,
Dec 26 Cotton is at 74.33, up 69 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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