Rolling Hills Gin
Market Data
News
Ag Commentary
Weather
Resources
|
Cotton Pushing Higher on FridayCotton futures are back up on Friday, with contracts up 48 to 60 points across most contracts on the day. The outside markets are mixed factors, with crude oil up 62 cents/barrel and the US dollar index 207 points higher. Following Thursday’s Export Sales report total export commitments are now 5.663 million RB. That is down 13% from last year and is 53% of USDA’s full year export forecast, down from the 64% average sales pace. Accumulated shipments are 1.452 million RB, which is 13% of the USDA projection vs. the 18% average shipping pace. The Seam reported 599 bales of online sales on October 31 at an average price of 62.10 cents/lb. ICE cotton stocks were unchanged on Thursday, leaving 174 bales of certified stocks. The Cotlook A Index was back down 50 points on October 31 at 82.05 cents/lb. The USDA Adjusted World Price (AWP) was down 74 points to 58.54 cents/lb per the Thursday afternoon update. Mar 25 Cotton is at 72.43, up 60 points, May 25 Cotton is at 74.01, up 55 points, Jul 25 Cotton is at 75.23, up 48 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. For more information please view the Barchart Disclosure Policy here. |
|