Cotton prices are up 6 to 10 points so far at Friday’s midday. Crude oil futures are up$1.79 per barrel at $61.18. The US dollar index is down $0.584 to $97.595.
USDA Export Sales data showed 412,457 RB of cotton sold in the week ending on January 15, a marketing year high. Export shipments were 187,776 RB, also a marketing year.
The Thursday online auction from The Seam showed sales of 62.43 cents/lb on 16,726 bales. The Cotlook A Index was unchanged on January 22 at 74.55 cents. ICE certified cotton stocks were unchanged on 1/22 with the certified stocks level at 10,422 bales. The Adjusted World Price was updated to 50.99 cents/lb on Thursday afternoon, down 18 points from the week prior.
Mar 26 Cotton is at 63.98, up 10 points,
May 26 Cotton is at 65.56, up 7 points,
Jul 26 Cotton is at 67.03, up 6 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.
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