Cotton futures were mixed at the Tuesday close, with contracts up 17 to down 21 points across the board. The outside markets closed with little impact, as the US dollar index was up 65 points and crude oil futures up 3 cents/barrel.
The last NASS Crop Progress report of the year showed the US cotton harvest at 84% complete, above the 80% average pace via the 5-year average.
The Seam reported 10,173 bales of online sales on November 25 at an average price of 69.11 cents/lb. ICE cotton stocks were unchanged again on Monday, at 13,274 bales of certified stocks. The Cotlook A Index was up 15 points on 11/25 at 81.10 cents/lb. The USDA Adjusted World Price (AWP) was lowered by 229 points last Thursday afternoon to 55.91 cents/lb.
Mar 25 Cotton closed at 71.68, down 4 points,
May 25 Cotton closed at 72.79, up 7 points,
Jul 25 Cotton closed at 73.77, up 9 points
Source: barchart.com