Cotton futures posted losses of 12 to 92 level losses on Friday, with March falling 123 factors on the week. The skin components ought to be supportive however weren’t, because the US greenback index was down 469 factors, with crude oil $0.94/barrel greater.
USDA reported 128,866 RB of cotton bought within the week that ended on 12/26, a 12-week low for 2024/25 bookings. Turkey was the customer of 41,300 RB, with 30,000 RB bought to Pakistan. Shipments have been tallied at 115,813 RB, the bottom in 7 weeks. Vietnam was the destined for 33,800 RB, with 25,300 RB to Pakistan.
The Seam reported 10,249 bales of on-line gross sales on January 2 at a mean worth of 60.01 cents/lb. ICE cotton shares have been unchanged on Thursday, at 20,113 bales of licensed shares. The Cotlook A Index was regular on 1/2 at 78.90 cents/lb. The USDA Adjusted World Value (AWP) was launched late on Thursday, up 48 factors from the earlier week at 55.03 cents/lb.
Mar 25 Cotton closed at 67.66, down 91 factors,
Might 25 Cotton closed at 68.81, down 92 factors,
Jul 25 Cotton closed at 69.89, down 86 factors
On the date of publication,
Austin Schroeder
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