Cotton futures closed out the Friday session with contracts down 7 to 18 factors, as December nonetheless managed to publish a 94 level achieve this week on the early half power. The US greenback index was down one other $0.383 to $97.720, as crude oil futures had been down one other $0.78.
CFTC knowledge confirmed a complete of 1,931 contracts added to the managed cash internet quick place as of Tuesday, taking it to 57,083 contracts on August 12.
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USDA’s Export Gross sales knowledge as the brand new crop e book at 3.127 million RB, which is 28% of the total 12 months USDA export forecast and behind the 45% common gross sales tempo.
The Seam reported 2,019 bales offered on the Thursday on-line public sale at a mean worth of 68.32 cents/lb. The Cotlook A Index was again down 55 factors at 79.40 cents on August 14. ICE cotton shares had been down 1,225 bales on 8/13 through decertifications, with the licensed shares stage at 17,017 bales. USDA’s Adjusted World Value (AWP) was again up 66 factors on Thursday at 55.05 cents/lb.
Oct 25 Cotton closed at 66.1, down 7 factors,
Dec 25 Cotton closed at 67.54, down 14 factors,
Mar 26 Cotton closed at 69.07, down 18 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 data and knowledge on this article is solely for informational functions.
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