Cotton futures were down 22 to 39 points in the front months on Thursday. The outside markets were mixed factors, as crude oil futures were up 61 cents/barrel on the day, with the US dollar index up 161 points on a late day rally.
Weekly Export Sales data showed a total of 280,010 RB in cotton sales in the week ending on January 23. That was a drop of 19.75% from last week and 19.85% below the same week last year. Vietnam was the buyer of 86,000 RB, with 76,300 RB to Turkey. Shipments were tallied at 153,512 RB, a decline of 31.04% wk/wk. Pakistan was the destination of 38,700 RB, with 30,500 RB to Vietnam.
The Seam reported 4,646 bales of online sales on January 29 at an average price of 59.48 cents/lb. ICE cotton stocks were unchanged on Wednesday, at 218 bales of certified stocks. The Cotlook A Index was down another 25 points on 1/29 at 78.25 cents/lb. The USDA Adjusted World Price (AWP) was back up 31 points from the previous week on Thursday afternoon at 54.02 cents/lb.
Mar 25 Cotton closed at 66.27, down 39 points,
May 25 Cotton closed at 67.54, down 26 points,
Jul 25 Cotton closed at 68.74, down 22 points
Πηγή: barchart.com