Cotton futures reversed more on Friday, with most contracts from 10 to 12 points, as there were 80 marks in green in December. The US dollar index increased from $ 0.127 to $ 97.655, with a futures of crude oil $ 0.25 more.
The weekly CFTC data indicated Space Traders to add 2,536 contracts to its pure short position by 9 September, taking it to 68,905 contracts by Tuesday.
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Monthly cotton guinings report showed that 338,200 RB cotton was done by 1 September, which was 128,500 RB below the same period last year.
The USDA crop production report showed very few American cotton changes, as the acres of the planted had 20,000 acres of land, with 15,000 acres of land. The yield was trimmed from 1 LB/AC from 861 LBS, with production of 13.224 million lumps up to only 10,000 bales. The stock was left on 3.6 million lumps as an additional 10,000 bales were ate in the unscrupulous category. World cotton stock was below 77,000 lumps below 73.14 million lumps.
Seam on Thursday sold 422 bales at an average price of 64 cents/lb. The Cataluk A index was one and 20 points up at 78.05 cents on 11 September. The ice cotton stock at 9/11 was stable, with the certified stock level at 15,474 lumps. The USDA’s adjusted World Price (AWP) was one and 21 points below on Thursday at 54.10 cents/lb.
25 October Cotton Closed at 65.19, 18 points down,
25 December Cotton Closed at 66.83, up to 11 points,
March 26 cotton Closed at 68.75, up to 12 points
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