Cotton futures rounded out the week with losses of 10 to 13 factors on Friday. December was nonetheless up 126 factors on the week. Crude oil futures had been again down 21 cents per barrel, with the US greenback index down $0.236 to $98.210.
Weekly CFTC information confirmed a complete of seven,626 contracts minimize from the online brief place amongst spec merchants in cotton futures and choices. The collective group was web brief 38,464 contracts as of July 15.
The Seam confirmed gross sales of 385 bales on Thursday, with a mean worth of 68.25 cents/lb. The Cotlook A Index was unch at 79.30 on July 17. ICE cotton shares noticed 1,144 decertifications on 7/17, with the licensed shares degree at 23,481 bales. USDA’s Adjusted World Value (AWP) was up a tick on Thursday at 54.72 cents/lb.
Oct 25 Cotton closed at 67.12, down 13 factors,
Dec 25 Cotton closed at 68.68, down 12 factors,
Mar 26 Cotton closed at 69.98, down 10 factors
On the date of publication, Austin Schroeder didn’t have (both straight 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. This text was initially revealed on Barchart.com
