Cotton futures have been down 21 to 88 factors throughout most contracts on Wednesday. Crude oil was up 25 cents to $75.09/barrel, as value motion was a little bit quieter. The US greenback index was again down $0.061 to $98.455.
The markets will probably be closed on Thursday in observance of Juneteenth, with the federal government closed as properly and experiences pushed again a day.
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The Seam reported 2,244 bales bought in Tuesday’s on-line sale at a median value of 63.39 cents/lb. The Cotlook A Index was up 60 factors on 6/17 at 78.75. ICE cotton shares up 120 bales by way of new certifications on June 17, with a licensed shares stage of 62,332 bales. USDA’s Adjusted World Value (AWP) was again up 26 factors final Thursday at 54.02 cents/lb.
Jul 25 Cotton closed at 64.84, down 21 factors,
Oct 25 Cotton closed at 66.11, down 2 factors,
Dec 25 Cotton closed at 66.67, down 88 factors
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