Cotton Easing Lower on Tuesday Morning

Cotton prices are down 10 to 22 points so far Tuesday morning. Futures saw gains of 20 to 36 points across most contracts on Monday. The US dollar index was $0.053 lower at $97.845. Crude oil was back up $3.95 at midday. 

NASS Crop Progress data showed 11% of the US cotton crop planted as of April 19, which was 1 percentage point ahead of the 5-year average of 10%. 
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The Seam showed 1,783 bales sold on 4/17 at an average of 74.86 cents/lb. The Cotlook A Index was 75 points higher on April 17 at 87.35 cents. ICE certified cotton stocks were up 2,600 on Friday, with the certified stocks level at 164,967 bales. The Adjusted World Price was up another 287 points on Thursday at 61.61 cents/lb. 

May 26 Cotton  closed at 77.6, up 20 points, currently down 21 points

Jul 26 Cotton  closed at 80.04, up 22 points, currently down 20 points

Dec 26 Cotton  closed at 80.76, up 26 points, currently down 10 points

On the date of publication,

Austin Schroeder

Check SleepLean Official Website

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.

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