Cotton futures are trading with 34 to 39 point losses so far at Tuesday’s midday. The US dollar index is down 16 points at midday, with crude oil back down 92 cents/barrel.
The Seam reported 6,398 bales of online sales on December 16 at an average price of 64.11 cents/lb. ICE cotton stocks were unchanged on Monday, at 20,113 bales of certified stocks. The Cotlook A Index was down 75 points on 12/13 at 79.50 cents/lb. The USDA Adjusted World Price (AWP) was cut by 152 points last Thursday to 56.22 cents/lb.
Mar 25 Cotton is at 68.72, down 34 points,
May 25 Cotton is at 69.84, down 38 points,
Jul 25 Cotton is at 70.88, down 39 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 BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
