Cotton posted good points of 28 to 40 factors on the Wednesday session to rebound from current weak point. The July contract rolled off the board at 64.96. Crude oil was down 4 cents/barrel to shut at $68.29, with the US greenback index $0.012 decrease to $97.160.
Tuesday’s on-line public sale from The Seam confirmed gross sales of two,465 bales at a mean worth of 65.44 cents. The Cotlook A Index was down 40 factors on 7/8 at 78.75. ICE cotton shares have been unchanged on July 8, with the licensed shares stage at 37,989 bales. USDA’s Adjusted World Value (AWP) was up 116 factors final Thursday at 55.34 cents/lb. It’s good by way of Thursday.
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Jul 25 Cotton closed at 64.96, up 28 factors,
Oct 25 Cotton closed at 66.36, up 28 factors,
Dec 25 Cotton closed at 67.78, up 40 factors
On the date of publication,
Austin Schroeder
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