Cotton futures were weaker for much of the Monday session, with contract closing steady to 23 points higher. The US dollar index was down $0.210 on the day to $97.345, with crude oil futures $0.59 higher.
NASS reported the US cotton crop 50% with bolls opening as of Sunday, with harvest listed at 9%. Crop condition ratings were down 2% to 52%, as the Brugler500 index was back at 344, a 5 point drop on the week.
The Seam reported 138 bales sold on Friday at an average price of 63.54 cents/lb. The Cotlook A Index was unchanged at 78.05 cents on September 12. ICE cotton stocks were again steady on 9/12, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 21 points on Thursday at 54.10 cents/lb.
Oct 25 Cotton closed at 65.42, up 23 points,
Dec 25 Cotton closed at 66.84, up 1 points,
Mar 26 Cotton closed at 68.75, unch
Source: barchart.com