Cotton losses extended to Tuesday
Cotton futures fell another 60-77 points on Tuesday. Crude oil is another 79 cents/barrel at $68.72, with the US dollar index rising by $0.144 to $97.285.
Weekly crop progress data showed that US cotton crops were 48% squared, with 14% setting bolls, both of which were average behind. The condition rating increased by 1% and increased GD/EX, with the Brugler 500 index steady at 336.
Traders’ data commitments showed 5,175 contract cuts to cotton futures and options net shorts in the week ending July 1st, winning 42,910 contracts.
The Cotlook A index was unchanged on 7/7 of 79.15. Ice Cotton Stock reduced 2,335 ba ba oil via certification on July 7th, with a certified stock level of 37,989 bale. USDA’s adjusted global price (AWP) rose 116 points at 55.34 cents/lb Thursday.
On July 25th, cotton fell 27 points to 65.39.
On October 25th, cotton was closed at 66.02, falling 77 points.
Cotton fell 67.29 on December 25th, 60 points
On the date of publication, Austin Schroeder had no position (directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published barchart.com