Cotton futures are down 59 to 101 factors up to now on the Friday session. The US greenback index is down $0.058 on the day to $97.680, with crude oil futures $0.68 decrease.
USDA reported the collected cotton export sale commitments at 3.412 million RB, down 23% from final 12 months. That’s 30% of the USDA export projection and behind the 47% common gross sales tempo.
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The Cotlook A Index was unchagned at 78.20 cents on August 28. ICE cotton shares have been regular on 8/28, with the licensed shares stage at 15,474 bales. USDA’s Adjusted World Value (AWP) was again down 59 factors on Thursday at 54.94 cents/lb.
Oct 25 Cotton is at 65.03, down 101 factors,
Dec 25 Cotton is at 66.62, down 68 factors,
Mar 26 Cotton is at 68.49, down 59 factors
On the date of publication,
Austin Schroeder
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.
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