Cotton futures posted mixed action on Friday, 58 points with front month and other contracts from 1 to 23 points. May still increased by 253 points this week. The futures of crude oil were $ 1.44/barrels. The US dollar is posting another round of index weakness, with a loss of $ 0.960 a day to $ 99.645.
From Friday afternoon, CFTC data showed specific funds in cotton futures and options and cut 10,943 contracts from its net short position for 55,691 contracts on 8 April.
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Seam sold 1,207 cash lumps at an average price of 56.56 cents/lb on Thursday 10 April. The Cotuk A Index returned 100 points at 78.55 Cents/LB on Thursday. With the current level of certified shares on 14,488 lumps, ice cotton stocks at 4/10 were stable. The USDA’s adjusted World Price (AWP) returned 212 points back to 53.10 CI/LB on Thursday.
25 May Cotton Closed at 65.89, 58 points below,
July 25 Cotton Closed at 67.01, 1 digit,
25 December Cotton Closed at 68.51, up to 23 points
On the date of publication, the Austin Shroder did not have the positions mentioned in any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
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