Cotton Trading with Slight Gains at Midday

Published 2 months ago Negative
Cotton Trading with Slight Gains at Midday
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Cotton futures are 3 points higher across the front months so far on Thursday. The outside markets are pressure factors mixed, as the US dollar index is up $0.277 on the day to $98.360 and crude oil futures $0.34 lower.

The Seam reported 730 bales sold on Wednesday at an average price of 58.25 cents/lb. The Cotlook A Index was down 45 points at 77.50 cents on September 3. ICE cotton stocks were steady on 9/3, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back down 59 points last week at 54.94 cents/lb.

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Oct 25 Cotton  is at 64.76, up 3 points,

Dec 25 Cotton  is at 66.24, up 3 points,

Mar 26 Cotton  is at 68.09, up 3 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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