The cotton will close until the end of the week

Cotton Futures ended trade on Friday. The contract fell 50 points from 33 in the previous few months. This is because it was 45 points lower per week in December. Crude oil futures were 96 cents/barrel low. The US dollar index was high, up 0.311 to $97.435.

Due to the trader’s data commitment, spec traders added a total of 1,415 contracts to net short positions as of July 22nd to net short positions.

As it is near the end of the marketing year, the total export sales commitment is RB 11.768 million, 107% of USDA’s expected numbers, lagging behind the average pace of 116%. Actual shipments totaled RB 10.778 million, 98% of that number, breaking the average pace of 95%.

The seams showed sales of 801 bales on Thursday, with an average price of 62.77 cents/lb. The Cotlook A Index was unchanged on July 24th at 78.70 cents. Ice cotton stock fell by 18 bale due to the July 24 exemption, with a certified stock level of 21,617 BALES. USDA’s adjusted global price (AWP) rose 23 points on Thursday at 54.95 cents/lb.

On October 25th, cotton was closed at 67.01, falling 33 points.

On December 25th, cotton was closed at 68.23, falling 48 points.

On March 26th, cotton fell 48 points to 69.65.

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