Cotton futures are trading with gains of 11 to 20 points across the front months on Monday. Crude oil is up $1.66 per barrel on the session, with the US dollar index $0.137 higher.
Weekly CTC data showed managed money adding 1,862 contracts to their net long position in cotton futures and option as of 10/13, taking it to 65,699 contracts.
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The Seam reported 1,729 bales sold on 10/16, at an average of 74.28 cents/lb. The Cotlook A index was trimmed by 35 points on Friday at 91.10. ICE certified cotton stocks steady October 16, with the certified stocks level at 15,129 bales. The Adjusted World Price was back up 80 points last week to 64.61 cents/lb.
Dec 26 Cotton is at 80.11, up 11 points,
Mar 27 Cotton is at 83.44, up 20 points,
May 27 Cotton is at 85.1, up 17 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.