Cotton futures are buying and selling with 15 to 30 level losses on Friday. The US greenback index is down 343 factors, with crude oil shedding $1.64 per barrel.
USDA’s Export Gross sales report confirmed 4.213 million RB of cotton offered or shipped up to now for the 2024/25 advertising and marketing yr. That’s 37% of the present USDA export projection from the WASDE stability sheet and 12 proportion factors behind the 5-year common tempo.
ICE cotton shares have been unchanged on August 15, leaving 15,526 bales of cert shares. The Cotlook A Index was down one other 100 factors on August 15 to 78.45 cents/lb. The USDA Common World Worth (AWP) is 55.35 cents/lb for the following week by means of Thursday, up 11 factors on the week.
Dec 24 Cotton is at 67, down 15 factors,
Mar 25 Cotton is at 68.49, down 23 factors,
Could 25 Cotton is at 69.76, down 28 factors
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