Cotton futures closed with losses on Tuesday with most contracts down 70 to 106 points. The outside markets were a pressure factor, with crude oil futures back down $1.87/barrel and the US dollar index down $0.211 to $99.000.
NASS pegged the US cotton crop at 15% planted as of 4/27, now 1 percentage point faster than the 5-year average pace.
The Cotlook A Index was back down 40 points on Friday at 80.15 cents/lb. ICE cotton stocks were steady on April 25 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was up 145 points last Thursday to 54.88 cents/lb.
May 25 Cotton closed at 66.35, down 3 points,
Jul 25 Cotton closed at 66.49, down 106 points,
Dec 25 Cotton closed at 68.27, down 74 points
Πηγή: barchart.com