Insights Daily World is your one-stop destination for discovering unbeatable discounts, trending deals, and the latest offers across various products. Stay informed with the newest updates, breaking news, and insightful deals, all designed to help you save and stay ahead
Cotton futures are trading with Monday midday gains of 34 to 42 points so far. The outside factors are mixed, as the US dollar index is up 198 points, with crude oil $2.17/barrel higher.
USDA raised their cotton production total by 150,000 bales to 14.41 million, as yield was up 44 lbs/acre and harvested acres were trimmed by 360,000 to 8.27 million. With a 300,000 bale cut to exports, USDA raised their carryout projection by 400,000 bales to 4.8 million.
The Seam reported 4,236 bales of online sales on January 10 at an average price of 59.30 cents/lb. ICE cotton stocks were unchanged on Friday, at 20,113 bales of certified stocks. The Cotlook A Index was back up 25 points on 1/9 at 78.95 cents/lb. The USDA Adjusted World Price (AWP) was back down 37 points from the previous week last Thursday at 54.66 cents/lb.
Mar 25 Cotton is at 67.43, up 42 points,
May 25 Cotton is at 68.66, up 40 points,
Jul 25 Cotton is at 69.71, up 34 points
On the date of publication,
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.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Source link
