Cotton futures closed out the trade session with gains of 53 to 95 points on Monday. The outside markets were mixed, as the US dollar index is down 667 points. Crude oil futures are down $2.15/barrel.
The last NASS Crop Progress report of the year showed the US cotton harvest at 84% complete, above the 80% average pace via the 5-year average.
The Seam reported 7,084 bales of online sales on November 22 at an average price of 63.99 cents/lb. ICE cotton stocks were unchanged again on Friday, at 13,274 bales of certified stocks. The Cotlook A Index was up 25 points on 11/22 at 80.95 cents/lb. The USDA Adjusted World Price (AWP) was lowered by 229 points last Thursday afternoon to 55.91 cents/lb.
Mar 25 Cotton closed at 71.72, up 95 points,
May 25 Cotton closed at 72.72, up 83 points,
Jul 25 Cotton closed at 73.68, up 68 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- Corn Demand in Focus: What The Cash Market May Be Trying To Say
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