Cotton Trading with Thursday Gains

Cotton futures are trading with contracts 50 to 63 points higher. Crude oil is up $2.60 per barrel on the session, with the US dollar index $0.130 lower.

USDA’s Export Sales report showed 277,522 RB of cotton sales in the week ending in October 29, which was up 28.19% from last week and well above the same week last year. Shipments were tallied at 137,782 RB, which was back down 14.29% from last week and a 6% drop from the same week last year.

The Seam reported 4,555 bales sold on 11/4, at an average of 76.34 cents/lb. The Cotlook A index was down 50 points on Thursday at 88.90. ICE certified cotton stocks were up 1,038 bales on November 4, with the certified stocks level at 66,716 bales. The Adjusted World Price was down 50 points last week to 64.51 cents/lb. It will be updated later today.

Dec 26 Cotton  is at 78.74, up 63 points,

Mar 27 Cotton  is at 82.55, up 59 points,

May 27 Cotton  is at 84.06, up 50 points

On the date of publication, Austin Schroeder did not directly have a position 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.