Cotton price action is down 40 to 52 points so far on Tuesday. Futures pulled out strength on Monday, with contracts up 12 to 15 points in the nearbys. Crude oil futures were up 4 cents/barrel to $61.02, with the US dollar index back up $0.075 to $99.705.
The October 31 online auction from The Seam showed 1,219 bales sold with an average price of 62.50 cents/lb. The Cotlook A Index was down 95 points on Friday at 76.45 cents. ICE certified cotton stocks were steady on 10/31, with the certified stocks level at 13,749 bales.
Dec 25 Cotton closed at 65.68, up 14 points, currently down 52 points
Mar 26 Cotton closed at 66.88, up 15 points, currently down 41 points
May 26 Cotton closed at 68.02, up 12 points, currently down 44 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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