Cotton Heading Lower on Tuesday AM Trade
Cotton prices are down 29 to 33 points so far on Tuesday Morning. Futures closed the Monday session with contracts down 10 to 31 points. The outside markets were again mixed factors, with the US dollar index down 124 points and crude oil back down 65 cents/barrel.
The Seam reported 5,661 bales of online sales on December 13 at an average price of 63.45 cents/lb. ICE cotton stocks were unchanged on Friday, at 20,113 bales of certified stocks. The Cotlook A Index was unchanged on 12/13 at 80.25 cents/lb. The USDA Adjusted World Price (AWP) was cut by 152 points on Thursday to 56.22 cents/lb.
Mar 25 Cotton closed at 69.06, down 21 points, currently down 33 points
May 25 Cotton closed at 70.22, down 19 points, currently down 33 points
Jul 25 Cotton closed at 71.27, down 14 points, currently down 30 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.