Cotton futures are giving back some of Monday’s jolliness, with Tuesday midday losses of 36 to 50 points. The outside markets are mixed factors, with the US dollar index up 203 points and crude oil $1.13/barrel higher.
The markets will be closed on Wednesday in observance of Christmas, with an early close today. The ICE market will open back up at 6:30 am CDT on Thursday.
The Seam reported 16,232 bales of online sales on December 23 at an average price of 61.50 cents/lb. ICE cotton stocks were unchanged on Monday, at 20,113 bales of certified stocks. The Cotlook A Index was up 15 points on 12/23 at 78.30 cents/lb. The USDA Adjusted World Price (AWP) was cut by another 113 points last week to 55.09 cents/lb. It is good through Thursday.
Mar 25 Cotton is at 68.92, down 50 points,
May 25 Cotton is at 70.03, down 44 points,
Jul 25 Cotton is at 71, down 36 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. More news from Barchart- Navigating Uncertainty: What I'm Watching In The Grain Markets To Wrap Up 2024
- Merchandiser Insights: Understanding What Basis Moves Are Saying About Supply And Demand In Grains
- The "Yeah, but" Problem: What’s Holding The Grain Markets Back?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
