Cotton futures posted losses of 2 to 5 points in most contracts as the market closed 2025. Crude oil futures were down 54 cents a barrel at $57.41. The US dollar index rose $0.040 to $97.995. Futures will be closed on Thursday for New Year’s Day.
The CFTC released an updated Trader Commitment report this afternoon, showing that managed money trimmed 4,387 contracts from its net short position as of 12/23 to 50,446 contracts.
Export sales data this morning showed that 182,680 RB of cotton were sold in the week ending December 18, a decline from last week’s marketing year high. Shipments totaled 146,915 RB that week, an 8-week high.
The Seam’s online auction showed sales of 14,459 bales on Dec. 30 at an average price of 60.13 cents/pound. The Cotlook A index was down 20 points again on Tuesday to 74.30 cents. ICE certified cotton stocks were down 90 bales on 12/30 and the certified stock level was 11,510 bales. The Adjusted World Price was updated to 50.02 cents/lb, only 3 points higher than the previous week.
March 26 Cotton closed at 64.27, 5 points lower.
On May 26, cotton closed at 65.6, down 4 points.
July 26 Cotton closed at 66.83, 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