Cotton futures posted Monday losses of 157 to 180 points, weakness crept back into the market. Crude oil futures were up 6 cents/barrel. The US dollar index continues to fall, closing down $0.452 at $99.440.
Weekly Crop Progress data showed the US cotton crop at 5% planted, which is behind the 3% average pace at 8%.
The Seam reported just 31 cash bales sold on 4/11, at an average price of 56 cents/lb. The Cotlook A Index was down 25 points on Friday at 78.30 cents/lb. ICE cotton stocks were down 10 bales on decertification on April 11 to a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was back down 212 points last week to 53.10 cents/lb.
May 25 Cotton closed at 64.09, down 180 points,
Jul 25 Cotton closed at 65.35, down 166 points,
Dec 25 Cotton closed at 66.94, down 157 points
Πηγή: barchart.com