Cotton futures have been down 64 to 83 factors on the Friday session, with December falling 147 factors this week. The US greenback index was up $0.042 on the day to $97.780, with crude oil futures $0.55 decrease. The market might be closed on Monday as a result of Labor Day vacation, with a standard open for the Tuesday session.
Dedication of Merchants knowledge from CFTC confirmed managed cash including 3,614 contracts to their web quick place in cotton futures and choices as of Tuesday. That web quick was at 59,931 contracts by August 26th.
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USDA reported the amassed cotton export sale commitments at 3.412 million RB, down 23% from final yr. That’s 30% of the USDA export projection and behind the 47% common gross sales tempo.
The Cotlook A Index was unchanged at 78.20 cents on August 28. ICE cotton shares have been regular on 8/28, with the licensed shares degree at 15,474 bales. USDA’s Adjusted World Value (AWP) was again down 59 factors on Thursday at 54.94 cents/lb.
Oct 25 Cotton closed at 65.21, down 83 factors,
Dec 25 Cotton closed at 66.54, down 76 factors,
Mar 26 Cotton closed at 68.44, down 64 factors
On the date of publication,
Austin Schroeder
didn’t have (both straight 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.
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