Cotton futures are trading with midday Thursday losses of 55 to 86 points so far. Crude oil is up $1.85 per barrel on the session, with the US dollar index $0.178 lower.
Cotton Ginnings data from NASS showed 735,950 RB of cotton ginned from October 1 to October 15, taking the marketing year total to 1.653 million RB.
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USDA’s Export Sales report showed 199,629 RB of cotton sales in the week ending in October 15, which was up 35.9% from last week. Shipments were tallied at 195,366 RB, which was back up 39.7% from last week and a 23.01% increase from the same week last year.
The Seam reported 1,930 bales sold on Wednesday, at an average of 73.72 cents/lb. The Cotlook A index was back up by 60 points on October 21 at 91.75. ICE certified cotton stocks up 4,304 bales on 10/21, with the certified stocks level at 22,922 bales. The Adjusted World Price was back up 80 points last week to 64.61 cents/lb. It will be updated later today.
Dec 26 Cotton is at 80.97, down 86 points,
Mar 27 Cotton is at 84.63, down 57 points,
May 27 Cotton is at 86.27, down 57 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.