Cotton futures saw marginally higher trade on Friday, with contracts up 14 to 17 points at the close. December was up 156 points this week. Crude oil futures were down 67 cents per barrel at $58.40 on the day, with the US dollar index $0.092 lower to $99.430.
USDA’s Export Sales report showed 175,678 RB of cotton sold in the week of 10/16, back up 11.45% from the week prior. Shipments were the largest this marketing year at 159,631 RB.
The November 26 online auction from The Seam showed 3,553 bales sold at an average price of 61.16 cents/lb. The Cotlook A Index was up 45 points on Thursday at 74.95 cents. ICE certified cotton stocks were steady on 11/26 with the certified stocks level at 20,344 bales. The Adjusted World Price was updated to 50.77 cents/lb this week, down 3 points from the previous week.
Dec 25 Cotton closed at 62.91, up 14 points,
Mar 26 Cotton closed at 64.71, up 14 points,
May 26 Cotton closed at 65.92, up 17 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. This article was originally published on Barchart.com
