Cotton futures are slipping 14 to 16 factors throughout the entrance months on Tuesday. Crude oil futures are down $0.94 per barrel on the day at $63.08. The US greenback index was down $0.222 to $97.270.
Monday’s on-line public sale from The Seam confirmed gross sales of 56.99 cents/lb on 8.955 bales. The Cotlook A Index was down one other 15 factors on January 30 at 73.80 cents. ICE licensed cotton shares had been up 2 on 2/2 with the licensed shares degree at 34,228 bales. The Adjusted World Value was up to date to 50.23 cents/lb final week.
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Mar 26 Cotton is at 62.51, down 16 factors,
Might 26 Cotton is at 64.26, down 14 factors,
Jul 26 Cotton is at 65.95, down 15 factors
On the date of publication,
Austin Schroeder
didn’t have (both immediately 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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