Cotton Looking to Close Out Week with Gains | U.S. Finance News
Cotton futures are up 47 to 72 factors up to now on Thursday’s noon. Crude oil futures are up $2.31/barrel on the day, with the US greenback index back up $0.167 to $99.310. The markets shall be closed on Friday in observance of Good Friday.USDA’s Export Sales report confirmed a whole of 201,990 RB of cotton bought within the week ending on April 10, a 5-week high. That was up 75.52% from final week and 38.24% above the identical week final 12 months. Vietnam was the highest purchaser of 90,900 RB, with 35,300 RR bought to India. Shipments have been down 12.99% from final week at 328,215 RB, which was nonetheless 23.05% above this week in 2024. The high vacation spot was Vietnam at 87,100 RB, with 56,600 RB headed to Pakistan.
Don’t Miss a Day: From crude oil to espresso, signal up free for Barchart’s best-in-class commodity evaluation. The Seam reported 5,231 money bales bought online on 4/16, at an average price of 64.63 cents/lb. The Cotlook A Index was back up 85 factors on Wednesday at 77.25 cents/lb. ICE cotton stocks have been regular on April 16 with a licensed stocks degree of 14,478 bales. USDA’s Adjusted World Price (AWP) was back down 212 factors final week to 53.10 cents/lb. It shall be up to date as we speak.May 25 Cotton is at 66.26, up 47 factors,Jul 25 Cotton is at 67.09, up 72 factors,Dec 25 Cotton is at 68.43, up 52 factors
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. For more info please view the Barchart Disclosure Policy
right here.
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