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Cotton Slipping Back Lower on Friday’s Midday![]() Cotton futures are trading with 11 to 17 point losses in the nearbys on Friday. The outside markets are mixed factors, as crude oil futures are up $0.24/barrel. The US dollar index is adding the pressure, up 0.518 on the day. Export Sales data from USDA showed cotton bookings at 188,909 RB in the week that ended on 1/30, with the marketing year sales at 8.886 million RB. That is 86% of USDA’s estimated export total, lagging the 88% average sales pace. The Seam reported 5,001 bales of online sales on February 6 at an average price of 61.12 cents/lb. ICE cotton stocks were unchanged on Thursday, at 218 bales of certified stocks. The Cotlook A Index was down 85 points on 2/6 at 77.20 cents/lb. The USDA Adjusted World Price (AWP) was back down 84 points on Thursday at 53.18 cents/lb. Mar 25 Cotton is at 65.92, down 11 points, May 25 Cotton is at 67.05, down 17 points, Jul 25 Cotton is at 68.21, down 16 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. |
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