Cotton futures fell between 2 and 5 points on Wednesday in the first months, losing some of their initial strength. Crude oil futures are up another 50 cents a barrel to $61.65. The US Dollar Index is down $0.049 to $98.860.
The Seam’s Jan. 13 online auction showed sales of 60.08 cents/pound on 14,042 bales. The Cotlook A index rose 55 points on January 13 to 75 cents. Stocks of ICE certified cotton were unchanged on Tuesday with a certified stock level of 11,029 bales. The adjusted world price was updated to 50.97 cents/pound on Thursday afternoon, up 21 points from the previous week.
March 26 Cotton is at 64.85, 3 points lower.
May 26 Cotton is at 66.38, 3 points lower.
July 26 Cotton is at 67.84, 2 points less
As of the date of publication, Austin Schroeder had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com