Cotton Closes Mixed on Wednesday
Cotton futures posted marginally mixed trade on Wednesday, with contracts within 10 points of unchanged. Crude oil prices are up $3.32/barrel, with the US dollar index back down $0.455 to $98.615.
The Cotlook A Index was back up 50 points on 6/10 at 78.50. ICE cotton stocks were up 67 bales on June 10 via new certifications, with a certified stocks level of 53,418 bales. USDA’s Adjusted World Price (AWP) was back down 8 points last week at 53.76 cents/lb.
Jul 25 Cotton closed at 65.47, up 5 points,
Oct 25 Cotton closed at 65.72, up 2 points,
Dec 25 Cotton closed at 67.65, down 6 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. For more information please view the Barchart Disclosure Policy here.