Cotton futures fell at the close on Wednesday, as contracts fell between 7 and 12 points in the first few months. Crude oil futures rose $1.26 a barrel on the day to $64.47. The US dollar index rose $0.214 to $97.515.
The Seam’s Tuesday online auction showed sales of 55.62 cents/pound on 8,680 bales. The Cotlook A index fell another 45 points on February 3 to 73.35 cents. ICE certified cotton stocks increased by 2,247 bales (2/3), with a certified stock level of 36,515 bales. The adjusted world price was updated to 50.23 cents/lb last week.
March 26 Cotton closed at 62.24, 7 points lower.
On May 26, cotton closed at 63.99, a drop of 12 points.
July 26 Cotton closed at 65.72, 8 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