Cotton futures got spillover strength on Thursday from the outside markets, as contracts were up 40 to 101 points at the close. Crude oil rallied $7.88 per barrel higher on the session, with the US dollar index up 255 points.
Export Sales data is delayed to Friday due to the Monday holiday.
The Cotlook A index was up 10 points on Wednesday on 9/9 at 96.10. ICE certified cotton stocks were up 3,999 bales on September 9, with the certified stocks level at 50,415 bales. The Adjusted World Price was back down 441 points on Thursday afternoon to 69.51 cents/lb.
Oct 26 Cotton closed at 84.64, up 91 points,
Dec 26 Cotton closed at 88.22, up 94 points,
Mar 27 Cotton closed at 90.66, up 101 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.
