Cotton Posts Features, Helped by Greenback Losses | U.S. Finance Information
Cotton costs closed out the Monday session with contracts up 20 to 26 factors. The surface markets are combined elements. Crude oil futures have been down $1.35/barrel, with the US greenback index falling $1.078 on the day.
Monday’s Cotton Programs report confirmed 259 RB of cotton consumed during January, with Jan 31 shares at 601 RB.
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The Seam confirmed 710 bales in online gross sales on February 28, with an average price of 47.89 cents/lb. The Cotlook A Index was down one other 25 factors on 2/28 at 77.25 cents/lb. ICE cotton shares have been unchanged again on Friday with the present stage of licensed shares at 12,653 bales. The USDA cut back their Adjusted World Worth (AWP) on Thursday afternoon by 78 factors to 53.89 cents/lb.
Mar 25 Cotton closed at 64.14, up 26 factors,
Might 25 Cotton closed at 65.51, up 26 factors,
Jul 25 Cotton closed at 66.62, up 23 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 Coverage
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