Cotton prices are showing an increase of 59 to 92 points. In Thursday’s session, the futures contract closed with a gain of 26 to 33 points. That day the future price of crude oil was down by $1.17 per barrel. The US dollar index was stable that day.
Seam reported online sales of 6,265 bales on Jan. 22 at an average price of 60.91 cents/lb. ICE cotton stock remained unchanged at 218 bales of certified stock on Monday. The Cotlook A index was up 5 points at 78.10 cents/lb on 1/22. The USDA adjusted world price (AWP) was at 53.71 cents/lb on Thursday afternoon, down 27 points from last week.
25 march cotton Closed at 67.47, up 33 points, currently up 92 points
25 may cotton Closed at 68.54, up 26 points, currently up 90 points
25 july cotton Closed at 69.64, up 27 points, currently up 82 points
On the date of publication, Austin Schroeder did not have (directly or indirectly) any positions in any securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy here for more information.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reflect the views of.
