Cotton futures closed out the Monday session with contracts holding onto gains. Contracts were up 43 to 54 points as the final bell range. Crude oil futures were back up 52 cents/barrel, with the US dollar index up 101 on the day.
ICE cotton stocks were unchanged on Friday at 1,732 bales of certified stocks. The Seam tallied 5,276 bales in February 21 online sales, with an average price of 62.13 cents/lb. The Cotlook A Index was down another 25 points on Thursday at 78.05 cents/lb. The USDA raised their Adjusted World Price (AWP) last Thursday by 68 points to 54.67 cents/lb.
Mar 25 Cotton closed at 66.51, up 43 points,
May 25 Cotton closed at 67.88, up 54 points,
Jul 25 Cotton closed at 68.8, up 49 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
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