Cotton futures remained weak in Thursday’s session with a fall of 28 to 40 points. On the day, crude oil futures rose 10 cents a barrel to $58.59, while the US dollar index fell $0.304 to $99.070.
Export sales data was delayed by more than a month, but this morning showed sales for the week of 9/25, with 155,414 RB cotton sold. The number of shipments was 117,595 RB.
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The Seam’s online auction Wednesday sold 2,310 bales for an average price of 60.62 cents/pound. The Coutlook A index was down 40 points at 75.40 cents on 11/12. ICE certified cotton stocks had increased by 1,000 on November 11 and the certified stock level stood at 18,239 bales. This week’s adjusted world price was released for the first time since the shutdown at 51.83 cents/lb.
25 december cotton Falling 40 points to close at 62.90,
26 march cotton Falling 28 points to close at 64.53.
26 May Cotton Fell 30 points and closed at 65.70
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