Cotton futures closed out the Tuesday session with contracts down 16 to 55 points across the board. Crude oil was down 57 cents per barrel on the session, with the US dollar index back up $0.084.
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 US condition ratings at 34% good/excellent, down 2 percentage points on the week. The Brugler500 index was down 1 point at 295. Ratings in TX were down 5 points.
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 closed at 79.69, down 16 points,
Dec 26 Cotton closed at 82.87, down 55 points,
Mar 27 Cotton closed at 85.57, down 51 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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