Cotton Heads into the Labor Day Weekend with | U.S. Finance News
Cotton futures have been down 64 to 83 factors on the Friday session, with December falling 147 factors this week. The US greenback index was up $0.042 on the day to $97.780, with crude oil futures $0.55 decrease. The market will probably be closed on Monday due to the Labor Day vacation, with a regular open for the Tuesday session.Commitment of Traders information from CFTC confirmed managed money including 3,614 contracts to their internet short place in cotton futures and choices as of Tuesday. That internet short was at 59,931 contracts by August twenty sixth.
Don’t Miss a Day: From crude oil to espresso, signal up free for Barchart’s best-in-class commodity evaluation. USDA reported the collected cotton export sale commitments at 3.412 million RB, down 23% from final yr. That is 30% of the USDA export projection and behind the 47% average gross sales tempo. The Cotlook A Index was unchanged at 78.20 cents on August 28. ICE cotton stocks have been regular on 8/28, with the licensed stocks stage at 15,474 bales. USDA’s Adjusted World Price (AWP) was back down 59 factors on Thursday at 54.94 cents/lb. Oct 25 Cotton closed at 65.21, down 83 factors,Dec 25 Cotton closed at 66.54, down 76 factors,
Mar 26 Cotton closed at 68.44, down 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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