Cotton futures are displaying 84 to 103 level beneficial properties up to now on Monday. The skin markets are combined, because the US greenback index is down 547 factors. Crude oil futures are down $2.09/barrel.
Cotton Ginnings information from NASS indicated a complete of two.157 million RB of cotton ginned within the first 2 weeks of November to the fifteenth, taking the advertising yr complete to six.852 million RB. That’s up 20% from the identical level final yr.
Friday’s Dedication of Merchants report brief specs including a large 22,136 contracts to their web brief as of November 19 to 35,987 contracts.
The Seam reported 7,084 bales of on-line gross sales on November 22 at a median value of 63.99 cents/lb. ICE cotton shares had been unchanged once more on Friday, at 13,274 bales of licensed shares. The Cotlook A Index was up 25 factors on 11/22 at 80.95 cents/lb. The USDA Adjusted World Worth (AWP) was lowered by 229 factors final Thursday afternoon to 55.91 cents/lb.
Mar 25 Cotton is at 71.8, up 103 factors,
Could 25 Cotton is at 72.86, up 97 factors,
Jul 25 Cotton is at 73.84, up 84 factors
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