Cotton Gathers Outside Support to Close the Week | U.S. Finance News
Cotton futures rounded out the week with features of 54 to 64 factors throughout the nearbys as December posted a 47 level gain on the week. The exterior markets have been supportive, as the US greenback index was back down $0.906 on the day to $97.605, with crude oil futures $0.28 increased.Commitment of Traders information confirmed simply 766 contracts trimmed from the spec fund internet short as of August 19 to 56,317 contracts.
Don’t Miss a Day: From crude oil to espresso, signal up free for Barchart’s best-in-class commodity evaluation. Export Sales information from Thursday indicated the advertising yr commitments in the first couple weeks of 2025/26 at 3.233 million RB, down 25% from final yr. That can be 29% of the USDA forecast export complete and lags the 46% average gross sales tempo for this time of yr.The Cotlook A Index was down 5 factors at 78.90 cents on August 21. ICE cotton stocks have been down 532 bales on 8/21 through decertification, with the licensed stocks stage at 15,474 bales. USDA’s Adjusted World Price (AWP) was up 48 factors on Thursday at 55.53 cents/lb. Oct 25 Cotton closed at 66.43, up 54 factors,Dec 25 Cotton closed at 68.01, up 59 factors,
Mar 26 Cotton closed at 69.74, up 64 factors
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions.
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