Cotton futures are trading with contracts 46 to 82 point losses at midday on Tuesday. Crude oil is down $1.20 per barrel on the session, with the US dollar index back up $0.234.
USDA’s Cotton Ginnings report showed 429,250 RB of cotton ginned by September 15. That is an 8% decline from a year ago.
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Weekly Crop Progress data showed 65% of the US cotton crop with bolls opening as of Sunday, with 13% of the crop with harvested. Condition ratings were pegged at 34% good/excellent, down 2 percentage points on the week. The Brugler500 index was down 1 point at 295.
The Seam reported a sales of 769 bales on Monday at an average of 79.25 cents.lb. The Cotlook A index was down 95 points on September 21 at 91.35. ICE certified cotton stocks were down 6,192 bales on 9/21, with the certified stocks level at 29,556 bales. The Adjusted World Price was back down 59 points last week to 68.92 cents/lb.
Oct 26 Cotton is at 79.03, down 82 points,
Dec 26 Cotton is at 82.96, down 46 points,
Mar 27 Cotton is at 85.58, down 50 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.