Cotton futures are showing sharp losses of 115 to 125 points in the front months on Monday. Crude oil is up $1.07 per barrel on the session, with the US dollar index $0.152 higher.
The large managed money speculators and cotton futures and options added just 767 contracts to their net long position as of October 20th. That took their net long position to 66,466 contracts as of Tuesday.
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The Seam reported 549 bales sold on Friday, at an average of 74.89 cents/lb. The Cotlook A index was down 80 points on 10/23 at 91.95. ICE certified cotton stocks up another 3,143 bales on October 23, with the certified stocks level at 27,865 bales. The Adjusted World Price was up another 40 points last week to 65.01 cents/lb.
Dec 26 Cotton is at 78.96, down 124 points,
Mar 27 Cotton is at 82.77, down 117 points,
May 27 Cotton is at 84.46, down 115 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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