Cotton futures were back down 44 to 63 points across the nearby contracts on Monday. The outside markets provided mixed factors, as the US dollar index was back up $0.746 on the day to $98.345, with crude oil futures $1.10 higher.
NASS reported the US cotton crop at 71% setting bolls, 6 points behind normal, with 20% of the crop with bolls opening, down 2 percentage points from average. Condition ratings slipped 1% to 54% gd/ex, with the Brugler500 index unchanged at 349.
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The Seam reported a total of 192 bales sold on Friday at an average price of 69.62 cents/lb. The Cotlook A Index was steady at 78.90 cents on August 22. ICE cotton stocks were steady on 8/22, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was up 48 points on Thursday at 55.53 cents/lb.
Oct 25 Cotton closed at 65.99, down 44 points,
Dec 25 Cotton closed at 67.38, down 63 points,
Mar 26 Cotton closed at 69.18, down 56 points
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