Cotton price action is steady on Wednesday morning, withing 2 points of unch. futures saw weakness of 45 to 80 points on Wednesday across most front months. Crude oil prices are trading with losses of $0.78/barrel. The US dollar index is back down $0.074 to $100.873.
The Monday online auction from The Seam showed sales of 1,415 bales at an average price of 68.86 cents/lb. The Cotlook A Index was steady on Tuesday at 78.25. ICE cotton stocks were up 5,860 bales on May 13 on new certifications, with a certified stocks level of 33,100 bales. USDA’s Adjusted World Price (AWP) was back down 13 points last Thursday to 54.81 cents/lb.
Jul 25 Cotton closed at 65.48, down 80 points, currently up 2 points
Oct 25 Cotton closed at 68.37, down 46 points, currently unch
Dec 25 Cotton closed at 68.25, down 52 points, currently up 1 point
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
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