Barchart:Cotton Sneaks Higher on Friday
Barchart:Cotton Sneaks Higher on Friday

Barchart:Cotton Sneaks Higher on Friday

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Το περιεχόμενο του άρθρου δεν είναι διαθέσιμο στη γλώσσα που έχετε επιλέξει και ως εκ τούτου το εμφανίζουμε στην αυθεντική του εκδοχή. Μπορείτε να χρησιμοποιήσετε την υπηρεσία Google Translate για να το μεταφράσετε.

Cotton futures posted 12 to 24 point gains on Friday, as December ended the week with a loss of 122 points. The outside markets are mixed, with crude oil down $1.27/barrel and the US dollar index 352 points lower.

Export Sales data showed an improvement in bookings during the week of October 10 to 159,769 RB, a 78.3% hike from the week prior. Vietnam was the top buyer of 47,700 RB, with 45,600 RB sold to Pakistan. Export shipments were just 57,834 RB in that week, a MY low. Pakistan was the destination of 16,200 RB, with 10,600 RB to Mexico.

Commitment of Traders data showed managed money in cotton futures and options adding 741 contracts to their net short as of Tuesday to 12,664 contracts. 

The Seam reported 782 bales of online sales on October 16 at an average price of 68.67 cents/lb. ICE cotton stocks were unchanged on Tuesday, leaving 174 bales of certified stocks. The Cotlook A Index was up 50 points on October 16 at 82.80 cents/lb. The USDA Adjusted World Price (AWP) was trimmed by another 117 points on Thursday to 59.24 cents/lb. 

Mar 25 Cotton  is at 73.09, up 24 points,

May 25 Cotton  is at 74.53, up 22 points,

Jul 25 Cotton  is at 75.47, up 21 points


Πηγή: barchart.com

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