Cotton prices are down 18 to 21 points so far on Friday morning. Futures closed Thursday with contracts down 38 to 41 points in the front months. Crude oil futures were down 95 cents per barrel at $59.67. The US dollar index was down $0.473 to $98.090.
The Wednesday online auction from The Seam showed sales of 59.15 cents/lb on 17,692 bales. The Cotlook A Index was down 25 points on January 21 at 74.55 cents. ICE certified cotton stocks were unchanged on 1/21 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 closed at 63.91, down 39 points, currently down 21 points
May 26 Cotton closed at 65.52, down 40 points, currently down 20 points
Jul 26 Cotton closed at 66.99, down 41 points, currently down 18 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.
