Cotton Slipping on Thursday Morning

Alan Brugler Barchart Thu Aug 8, 7:32AM CDT
Cotton Field

Cotton prices are down 40 to 55 points so far on the morning. Futures action saw gains of 31 to 44 points on Wednesday. The US dollar index was up another 197 points on the day, as Crude oil provided some support via the synthetic market, up $2.22/barrel.

ICE cotton stocks were unchanged on August 6, leaving 18,991 bales of cert stocks. The Cotlook A Index was down 50 points on August 6 at 79.10 cents/lb. The USDA Average World Price (AWP) was cut by 108 points last Thursday afternoon to 53.94 cents/lb, and is in effect through this Thursday.

Dec 24 Cotton  closed at 67.73, up 43 points, currently down 52 points

Mar 25 Cotton  closed at 69.25, up 30 points, currently down 51points

May 25 Cotton  closed at 70.47, up 30 points currently down 55 points


On the date of publication, Alan Brugler 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 here.