Cotton futures are up 51 to 55 factors throughout the entrance months on Friday. The US greenback index was up $0.118 at $98.210, with crude oil $0.14/barrel decrease.
Early on Friday morning, President Trump he assume’s we’ll be high quality with China forward of the leaders assembly in a pair weeks. He additionally acknowledged the 100% tariffs on China aren’t sustainable.
Don’t Miss a Day: From crude oil to espresso, enroll free for Barchart’s best-in-class commodity evaluation.
Thursday on-line public sale from The Seam confirmed simply 155 bales offered with a mean worth of 63.01 cents/lb. The Cotlook A Index was again up 25 factors on 10/16 at 75.10 cents. ICE licensed cotton shares had been regular on October 16, with the licensed shares stage at 16,751 bales.
Dec 25 Cotton is at 64.28, up 55 factors,
Mar 26 Cotton is at 65.84, up 55 factors,
Might 26 Cotton is at 67.01, up 51 factors
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.
For extra info please view the Barchart Disclosure Coverage
right here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.