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 contracts 133 to 144 cents higher at midday. The outside markets are negative factors, with the US dollar index back up 529 points and crude oil back down 36 cents/barrel.
CFTC Commitment of Traders data tallied managed money spec funds at a net short of 7,034 contracts as of 12/17. That was an increase to their net short, at 29,257 contracts as of Tuesday.
The Seam reported 2,689 bales of online sales on December 20 at an average price of 57.36 cents/lb. ICE cotton stocks were unchanged on Friday, at 20,113 bales of certified stocks. The Cotlook A Index was down 20 points on 12/20 at 78.15 cents/lb. The USDA Adjusted World Price (AWP) was cut by another 113 points last week to 55.09 cents/lb. It is good through Thursday.
Mar 25 Cotton is at 69.5, up 144 points,
May 25 Cotton is at 70.58, up 141 points,
Jul 25 Cotton is at 71.45, up 133 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
