Cotton Bulls Pushing Back on Friday
Cotton futures are trading with 12 to 23 point gains so far on the Friday. The US dollar index is back down $0.189 to $98.040, as crude oil futures are up 26 cents.
The Cotlook A Index was down 25 points at 78.00 cents on August 6. ICE cotton stocks were down 3,375 bales on 8/7 via decertifications, with the certified stocks level at 18,242 bales. USDA’s Adjusted World Price (AWP) was down 13 points on Thursday afternoon at 54.39 cents/lb.
Oct 25 Cotton is at 65.08, up 12 points,
Dec 25 Cotton is at 66.66, up 23 points,
Mar 26 Cotton is at 68.12, up 22 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.