Cotton price action is up 39 to 48 points so far on Wednesday Futures fell on Tuesday, down 72 to 84 points across the front months at the close. Pressure came from the synthetic market, with crude oil futures are $1.65 lower per barrel at $55.17. The US dollar index was $0.038 higher to $97.995.
Monday’s online auction from The Seam showed sales of 15,641 bales at an average price of 59.57 cents/lb. The Cotlook A Index was down 10 points on 12/15 at 73.85 cents. ICE certified cotton stocks were down 1,497 bales on December 15 with the certified stocks level at 12,474 bales. The Adjusted World Price was updated to 50.39 cents/lb last Thursday, down 89 points from the previous week.
Mar 26 Cotton closed at 63.1, down 84 points, currently up 48 points
May 26 Cotton closed at 64.26, down 80 points, currently up 45 points
Jul 26 Cotton closed at 65.38, down 72 points currently up 39 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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