Cotton costs are pulling off the midweek positive aspects on Thursday, with losses of 28 to 35 factors. The US greenback index is again up 309 factors, after a 4 month low on the continuation charts. Crude oil is up 40 cents per barrel.
Cotton export gross sales have been tallied at 27,240 RB within the week that ended on July 11, a MY low. Gross sales for brand new crop have been a 5-week excessive at 165,590 RB. Precise export shipments have been the bottom since November at 113,106 RB throughout the week ending final Thursday.
ICE cotton shares have been unchanged on July 17, leaving 41,122 bales of licensed shares. The Cotlook A Index was again down 90 factors on July 16 at 81.70 cents/lb. The USDA Common World Value (AWP) is 56.08 cents/lb and will probably be up to date later right now.
Dec 24 Cotton  is at 71.76, down 31 factors,
Mar 25 Cotton  is at 73.63, down 29 factors,
Might 25 Cotton  is at 74.94, down 33 factors
On the date of publication, Alan Brugler didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. For extra data please view the Barchart Disclosure Coverage right here.
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