Cotton Posting Midday Losses on Tuesday

Cotton field by William Dunn via iStock

Cottonfutures continue to feel pressure from the rallying dollar, as contracts are down 87 to 90 points. The outside markets continue to pressure the market, with the US dollar index up another 603 points on the day.

                                                                

The Seam reported 824 bales of online sales on November 11 at an average price of 66.61 cents/lb. ICE cotton stocks were unchanged on Monday, leaving 174 bales of certified stocks. The Cotlook A Index was down 10 points on 11/11 at 83.25 cents/lb. The USDA Adjusted World Price (AWP) was down another 58 points last week to 57.96 cents/lb.

Mar 25 Cotton  is at 71.32, down 88 points,

May 25 Cotton  is at 72.65, down 90 points,

Jul 25 Cotton  is at 73.91, down 87 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.