Cotton futures are trading with 35 to 40 point gains on Thursday. Crude oil is down $1.71 per barrel on the session, with the US dollar index $0.146 lower.
USDA’s Export Sales report showed 216,488 RB of cotton sales in the week ending in October 22, which was up 8.45% from last week and 63.07% larger than last year. New crop bookings were 38,345 RB. Shipments were tallied at 160,762 RB, which was back down. 18.13% from last week and an 8.02% drop from the same week last year.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
The Seam reported just 179 bales sold on October 28, at an average of 65.98 cents/lb. The Cotlook A index was down 100 points on 10/28 at 89.70. ICE certified cotton stocks back unchanged on Wednesday, with the certified stocks level at 27,591 bales. The Adjusted World Price was up another 40 points last week to 65.01 cents/lb. It will be updated on Thursday.
Dec 26 Cotton is at 78.52, up 37 points,
Mar 27 Cotton is at 82.3, up 40 points,
May 27 Cotton is at 83.91, up 37 points
On the date of publication, Austin Schroeder did not directly have a position 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.
More news from Barchart
Soybean Oil Futures Just Hit a 4-Month Low. Here's When to Sell. Soaring Diesel Prices Could Spark a Scarcity Crisis No One is Talking About. Here’s How to Invest. Brazilian Beans and a Record-Large Crop Are Pushing Soybean Prices Lower. Sell Here. Corn Prices Just Hit Their Most Oversold Level in 2.5 Years as Bulls Bet on a Rebound