Cotton futures settled the Tuesday session with contracts 8 to 33 points lower to close out the year. The outside factors were mixed on the day as the US dollar index is up 347 points, with crude oil $0.93/barrel higher. The market will be closed on Wednesday for New Years Day.
The Seam reported 9,870 bales of online sales on December 30 at an average price of 61.36 cents/lb. ICE cotton stocks were unchanged on Monday, at 20,113 bales of certified stocks. The Cotlook A Index was up 10 points on 12/30 at 79.40 cents/lb. The USDA Adjusted World Price (AWP) was cut by another 54 points last week to 54.55 cents/lb. It is good through this Thursday.
Mar 25 Cotton closed at 68.4, down 8 points,
May 25 Cotton closed at 69.49, down 10 points,
Jul 25 Cotton closed at 70.5, down 9 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
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