Cotton futures are trading with contracts down 55 to 65 points across most nearbys at midday. The US dollar index is $0.019 higher at $99.120. Crude oil is down $4.01 on the day to $89.88.
NASS Crop Progress data showed 53% of the US cotton crop planted as of May 24, which matches the 5-year average pace. Of the 15 major states USDA reports on, AR, GA, KS, LA, NC, SC, TX and VA were behind normal.
The Seam reported 1,641 sales on Tuesday at an average of 75.26 cents/lb. The Cotlook A Index was back down 350 points on May 22 at 87.35 cents. ICE certified cotton stocks were up 4,031 on 5/26 with the certified stocks level at 225,155 bales. The Adjusted World Price was back down 319 points on last week at 68.68 cents/lb.
Jul 26 Cotton is at 76.68, down 69 points,
Dec 26 Cotton is at 79.14, down 65 points,
Mar 27 Cotton is at 80.09, down 59 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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