Cotton Collapsing on Friday | Nasdaq | U.S. Finance Information
Cotton futures are trading with contracts down 72 to 112 cents entrance months at noon. The skin markets are strain elements. Crude oil futures are down 40 cents/barrel, with the US greenback index $0.139 greater on the day.
Export Gross sales information has complete commitments for export gross sales at 9.61 million RB, which is down 8% from final 12 months and 93% of USDA’s export projection, on tempo with regular. Precise shipments are 4.508 million RB, which is down 16% yr/yr and 44% of the USDA quantity, lagging the 46% average.
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The Seam confirmed 4,795 bales in online gross sales on February 27, with an average price of 59.13 cents/lb. The Cotlook A Index was down one other 50 factors on 2/27 at 77.50 cents/lb. ICE cotton shares have been regular on Thursday with the present degree of licensed shares at 12,653 bales. The USDA cut back their Adjusted World Value (AWP) on Thursday afternoon by 78 factors to 53.89 cents/lb.
Mar 25 Cotton is at 64.48, down 72 factors,
Might 25 Cotton is at 65.48, down 112 factors,
Jul 25 Cotton is at 66.61, down 107 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 data and information on this article is solely for informational functions. For more data please view the Barchart Disclosure Coverage
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