Cotton futures regained some strength, with contracts up 88 to 136 points across the board on Monday. The outside markets were mixed factors, with the US dollar index back up 494 points and crude oil up 15 cents/barrel.
The Seam reported 2,689 bales of online sales on December 20 at an average price of 57.36 cents/lb. ICE cotton stocks were unchanged on Friday, at 20,113 bales of certified stocks. The Cotlook A Index was down 20 points on 12/20 at 78.15 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 closed at 69.42, up 136 points,
May 25 Cotton closed at 70.47, up 130 points,
Jul 25 Cotton closed at 71.36, up 124 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
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