Cotton futures closed the Thursday trade with front months down 4 points and other contracts up 5 points. The outside markets were pressure factors mixed, as the US dollar index is up $0.162 on the day to $98.245 and crude oil futures $0.67 lower.
The Seam reported 730 bales sold on Wednesday at an average price of 58.25 cents/lb. The Cotlook A Index was down 45 points at 77.50 cents on September 3. ICE cotton stocks were steady on 9/3, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 63 points on Thursday at 54.31 cents/lb.
Oct 25 Cotton closed at 64.69, down 4 points,
Dec 25 Cotton closed at 66.2, down 1 point,
Mar 26 Cotton closed at 68.09, up 3 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. This article was originally published on Barchart.com
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