Cotton futures are trading with steady to 4 point lower action across most nearby contracts at midday. The outside markets are mixed factors, as the US dollar index is down $0.779 on the day to $97.530 and crude oil futures $1.67 lower.
USDA’s weekly Export Sales report showed a total of 244,971 RB of cotton sold in the week ending on August 28. That was a 36.6% increase from last week and 81.21% above the same week last year. Actual shipments totaled 154,651 RB which was the highest in 4 weeks.
The Seam reported just 135 bales sold on Thursday at an average price of 62.85 cents/lb. The Cotlook A Index was unchanged at 77.50 cents on September 4. ICE cotton stocks were steady on 9/4, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 63 points on Thursday at 54.31 cents/lb.
Oct 25 Cotton is at 64.69, unch
Dec 25 Cotton is at 66.16, down 4 points,
Mar 26 Cotton is at 68.08, down 1 points
