Cotton futures posted Wednesday losses of 27 to 61 points at the close. Crude oil futures are back down $1.15 per barrel to $59.59 on the day, with the US dollar index $0.606 higher to $100.055.
August cotton exports (excluding linters) totaled 642,851 bales, which was a 10-yar low for the month, and down 31.39% from July.
Managed money was adding 2,736 contracts to their net short position as of September 30 according to delayed Commitment of Traders data. They held a net shot of 64,740 contracts on that date.
The Tuesday online auction from The Seam showed 6,538 bales sold with an average price of 63.22 cents/lb. The Cotlook A Index was down another 10 points on 11/14 at 74.30 cents. ICE certified cotton stocks were steady on November 17 with the certified stocks level at 20,344 bales. The Adjusted World Price was reported at 51.83 cents/lb.
Dec 25 Cotton closed at 62.3, down 27 points,
Mar 26 Cotton closed at 63.78, down 61 points,
May 26 Cotton closed at 65.03, down 54 points
Πηγή: barchart.com