|
|
 |
|
|
Cotton Lower to Kick Off Tuesday
Cotton prices are showing losses of 51 to 53 points on Tuesday morning. Futures closed with weakness on Monday with contracts down 10 to 25 points. The outside markets were mixed factors, with the US dollar index up just 91 points and crude oil back up $0.95/barrel lower. The Seam reported 1,251 bales of online sales on December 6 at an average price of 53.32 cents/lb. ICE cotton stocks 2,233 bales on Friday, at 16,696 bales of certified stocks. The Cotlook A Index was down 25 points on 12/6 at 81.35 cents/lb. The USDA Adjusted World Price (AWP) was raised by 21 points last week to 57.74 cents/lb. Mar 25 Cotton closed at 69.95, down 16 points, currently down 53 points May 25 Cotton closed at 71.19, down 16 points, currently down 53 points Jul 25 Cotton closed at 72.25, down 16 points, currently down 51 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. |
|
|