Cotton futures are persevering with this week’s pattern of fading in a single day good points, with contracts down 15 to 38 factors at noon. Crude oil futures have been up 58 cents per barrel at $60.25 on the day, with the US greenback index $0.017 increased to $98.970.
The 12/4 on-line public sale from The Seam confirmed 5,171 bales offered at a mean worth of 58.37 cents/lb. The Cotlook A Index was down 10 factors on Thursday at 74.70 cents. ICE licensed cotton shares have been down 4,309 bales on December 4 with the licensed shares stage at 15,585 bales. The Adjusted World Worth was up to date on Thursday to 51.28 cents/lb final week, up 51 factors from the earlier week.
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Dec 25 Cotton is at 62.28, down 38 factors,
Mar 26 Cotton is at 63.92, down 16 factors,
Could 26 Cotton is at 65.07, down 16 factors
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions.
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