Cotton futures are down 11 to fifteen factors throughout the entrance months on Friday. The US greenback index is down one other $0.408 to $97.695, as crude oil futures are down one other $0.63
USDA’s Export Gross sales knowledge as the brand new crop e-book at 3.127 million RB, which is 28% of the complete 12 months USDA export forecast and behind the 45% common gross sales tempo.
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The Seam reported 2,019 bales bought on the Thursday on-line public sale at a median value of 68.32 cents/lb. The Cotlook A Index was again down 55 factors at 79.40 cents on August 14. ICE cotton shares have been down 1,225 bales on 8/13 by way of decertifications, with the licensed shares stage at 17,017 bales. USDA’s Adjusted World Value (AWP) was again up 66 factors on Thursday at 55.05 cents/lb.
Oct 25 Cotton is at 66.06, down 11 factors,
Dec 25 Cotton is at 67.53, down 15 factors,
Mar 26 Cotton is at 69.07, down 18 factors
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