Cotton Ticking Higher on Tuesday Morning

Cotton price action is up 6 to 16 points so far on Tuesday morning. Futures posted front month losses of 12 to 94 points and deferreds up 2 to 68 points, as December fell 505 points on the week.  Crude oil was down 8 cents per barrel on the day, with the US dollar index up $0.240. 

CFTC data showed managed money closing in on a record net long in cotton futures and options as of Tuesday, raising the position by 12,135 contracts to 107,976 contracts. 

The Cotlook A index was down 250 points on Thursday at 98.25. ICE certified cotton stocks were unchanged on September 3, with the certified stocks level at 63,092 bales. The Adjusted World Price was raised by another 240 points on Thursday to 73.92 cents/lb.

Oct 26 Cotton  closed at 82.42, down 94 points, currently up 97 points

Dec 26 Cotton  closed at 86.33, down 12 points, currently up 8 points

Mar 27 Cotton  closed at 88.62, down 18 points, currently up 6 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.