Cotton futures closed Monday with contracts mixed, with gains of 11 points to losses of 25 points across the board. The outside markets were supportive, as the US dollar index was down 470 points, with crude oil futures up $2.22/barrel.
Weekly Crop Progress data indicated the US cotton crop was 77% harvested as of 11/17, 5 percentage points faster than normal.
The Seam reported 1,840 bales of online sales on November 15 at an average price of 72.51 cents/lb. ICE cotton stocks were up 1,123 bales on new certifications on Thursday, at 13,187 bales of certified stocks. The Cotlook A Index was down 50 points on 11/15 at 80.85 cents/lb. The USDA Adjusted World Price (AWP) was back up 24 points last week to 58.20 cents/lb.
Mar 25 Cotton closed at 69.02, up 11 points,
May 25 Cotton closed at 70.35, up 7 points,
Jul 25 Cotton closed at 71.57, up 6 points
