Cotton futures are posting Friday losses of 35 to 60 factors up to now on Friday. Crude oil futures are again up $1.54 per barrel to $60.23 on the day, with the US greenback index $0.210 greater to $99.260.
USDA raised yield on the US cotton this morning, up 58 lbs/acre, to 919 lbs. That took manufacturing up 900,000 bales to 14.12 million. Exports have been elevated 200,000 bales to 12.2 million, as shares have been up 700,000 bales to 4.3 million.
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The Thursday on-line public sale from The Seam confirmed 834 bales offered with a mean worth of 59.91 cents/lb. The Cotlook A Index was down 45 factors on 11/13 at 74.95 cents. ICE licensed cotton shares have been up 1,005 on November 13 with the licensed shares stage at 19,244 bales. This week’s Adjusted World Value was launched for the primary time because the shutdown at 51.83 cents/lb.
Dec 25 Cotton is at 62.3, down 60 factors,
Mar 26 Cotton is at 64.17, down 36 factors,
Might 26 Cotton is at 65.35, down 35 factors
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