Cotton futures posted losses on Monday, with contracts 26 to 34 points in the red. Crude oil futures were down $1.56/barrel on the day. The US dollar index was down 105 points on the day.
The Seam reported 12,724 bales of online sales on January 24 at an average price of 51.93 cents/lb. ICE cotton stocks were unchanged on Thursday, at 218 bales of certified stocks. The Cotlook A Index was up 30 points on 1/24 at 77.90 cents/lb. The USDA Adjusted World Price (AWP) was down another 27 points from the previous week on Thursday afternoon at 53.71 cents/lb.
Mar 25 Cotton closed at 67.27, down 34 points,
May 25 Cotton closed at 68.36, down 31 points,
Jul 25 Cotton closed at 69.51, down 26 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- High Volatility Could Soon Hit Ag Futures Markets. Here’s 2 Ways to Play It.
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