Cotton futures are showing 13 to 42 point gains across most contracts on Friday’s midday. Crude oil futures are up 50 cents per barrel to $58.56 on the day, with the US dollar index $0.027 higher to $100.140.
Commitment of Traders data, still delayed due to the government shutdown, showed spec funds in cotton futures and options adding another 11,586 contracts to their net short position as of 10/7 to 76,326 contracts.
The 11/20 online auction from The Seam showed 4,368 bales sold at an average price of 60.77 cents/lb. The Cotlook A Index was unchanged on November 21 at 74.00 cents. ICE certified cotton stocks were steady on Friday with the certified stocks level at 20,344 bales. The Adjusted World Price was updated to 50.80 cents/lb on Thursday, down 103 points from the previous week. It is into effect through Thursday.
Dec 25 Cotton is at 61.48, up 13 points,
Mar 26 Cotton is at 64.27, up 42 points,
May 26 Cotton is at 65.46, up 39 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. This article was originally published on Barchart.com
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