Cotton Sticking Close to Unchanged on Wednesday

Cotton futures are trading with contracts within 4 points of unchanged, as thinly traded October is down 41 points. The outside markets are supportive factors, as the US dollar index is back down $0.062 on the day to $98.065, with crude oil futures $0.60 higher.

The Seam reported a total of 1,709 bales sold on Tuesday at an average price of 63.91 cents/lb. The Cotlook A Index was steady at 78.90 cents on August 26. ICE cotton stocks were steady on 8/26, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was up 48 points last Thursday at 55.53 cents/lb.

More News from Barchart

Arabica Coffee Closes Lower on Brazil Coffee Harvest Pressures Arabica Coffee Prices Slip on Brazil Coffee Harvest Pressures How Low Can Wheat Prices Go? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!

Oct 25 Cotton  is at 65.06, down 41 points,

Dec 25 Cotton  is at 66.75, up 4 points,

Mar 26 Cotton  is at 68.49, down 4 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

View Comments