Cotton Holding Lower at Midday

Cotton futures are trading with contracts down 3 to 5 points at Monday’s midday, with October down 64 points. The US dollar index is back $0.230 on the day to $97.040 and crude oil futures $0.28 lower.

The weekly CFTC Commitment of Traders report indicated managed money trimming their net short in cotton futures and options by 9,844 contracts to 59,061 contracts by September 16.

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The Cotlook A Index was down another 25 points at 78.40 cents on September 19. ICE cotton stocks were again steady on 9/19, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back up 69 points on Thursday at 54.79 cents/lb.

Oct 25 Cotton  is at 64.3, down 64 points,

Dec 25 Cotton  is at 66.26, down 3 points,

Mar 26 Cotton  is at 68.23, down 5 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. This article was originally published on Barchart.com

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