Cotton futures are down 53 to 65 factors to this point on the Tuesday session. The surface markets are combined elements, because the US greenback index is again down $0.238 on the day to $98.080, with crude oil futures $1.45 decrease.
On Monday afternoon. NASS reported the US cotton crop at 71% setting bolls, 6 factors behind regular, with 20% of the crop with bolls opening, down 2 share factors from common. Situation scores slipped 1% to 54% gd/ex, with the Brugler500 index unchanged at 349.
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The Seam reported a complete of 1,051 bales bought on Monday at a mean worth of 65.25 cents/lb. The Cotlook A Index was regular at 78.90 cents on August 22. ICE cotton shares have been regular on 8/22, with the licensed shares stage at 15,474 bales. USDA’s Adjusted World Worth (AWP) was up 48 factors final Thursday at 55.53 cents/lb.
Oct 25 Cotton is at 65.46, down 53 factors,
Dec 25 Cotton is at 66.7, down 62 factors,
Mar 26 Cotton is at 68.56, down 56 factors
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