Cotton Sticking Close to Unchanged on Wednesday
Cotton futures are trading with contracts within 4 points of unchanged, as thinly traded October is down 41 points. The outside markets are supportive factors, as the US dollar index is back down $0.062 on the day to $98.065, with crude oil futures $0.60 higher.
The Seam reported a total of 1,709 bales sold on Tuesday at an average price of 63.91 cents/lb. The Cotlook A Index was steady at 78.90 cents on August 26. ICE cotton stocks were steady on 8/26, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was up 48 points last Thursday at 55.53 cents/lb.
Oct 25 Cotton is at 65.06, down 41 points,
Dec 25 Cotton is at 66.75, up 4 points,
Mar 26 Cotton is at 68.49, down 4 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.