Cotton Weakness at Tuesday’s Midday

Cotton futures are trading with Tuesday losses of 23 to 38 points at midday.  The outside markets are mixed with the crude oil a pressure factor, down $3.34/barrel and the US dollar index 47 points lower.

The Seam reported 862 bales of online sales on October 11 at an average price of 66.73 cents/lb. ICE cotton stocks were down 91 points on Monday, leaving 174 bales of certified stocks. The Cotlook A Index was down 45 points on October 11 at 84.05 cents/lb. The USDA Adjusted World Price (AWP) was trimmed by another 40 points last week to 60.41 cents/lb. It is good through Thursday.

Mar 25 Cotton  is at 72.85, down 34 points,

May 25 Cotton  is at 74.27, down 37 points,

Jul 25 Cotton  is at 75.18, down 38 points

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.