Cotton futures rounded out the Monday session with contracts up 10 to 16 points in the front months. The thinly traded October contract was an exception, down 3 points. The US dollar index is back up $0.330 to $98.510, as crude oil futures were up 12 cents.
The weekly Crop Progress report from NASS showed a total of 93% of the US cotton crop squared by August 10, with 65% setting bolls, 6 points behind average. There was 8% of the crop with bolls opening vs. 10% on average. Conditions were down 2% at 53% gd/ex, with the Brugler500 index falling 7 points to 338.
The Cotlook A Index was down 25 points at 77.25 cents on August 8. ICE cotton stocks were steady on 8/8, with the certified stocks level at 18,242 bales. USDA’s Adjusted World Price (AWP) was down 13 points on Thursday afternoon at 54.39 cents/lb.
Oct 25 Cotton closed at 65.29, down 3 points,
Dec 25 Cotton closed at 66.76, up 16 points,
Mar 26 Cotton closed at 68.23, up 16 points
Source: barchart.com