Cotton Posting Mixed Monday Trade

Cotton futures are trading with contracts up 8 points to 7 points lower at midday. Crude oil is up $2.09 per barrel on the session, with the US dollar index $0.353 higher.

Crop Production data from Friday raised yield by 14 lbs/ac to 790 lbs. That added another 240,000 bales to production at 13.44 million bales. US ending stocks via the WASDE were up 200,000 bale to 3.8 million.

Commitment of Traders data showed managed money cutting back another 10,756 contracts from their net long position in the week ending on 10/6. That took the net position to 63,837 contracts.

The Seam reported 2,539 bales sold on 10/9, at an average of 79.53 cents/lb. The Cotlook A index was unchanged points on October 9 at 90.65. ICE certified cotton stocks were steady on Friday, with the certified stocks level at 17,756 bales. The Adjusted World Price was down another 135 points last week to 63.81 cents/lb.

Dec 26 Cotton  is at 80.47, down 7 points,

Mar 27 Cotton  is at 83.67, up 8 points,

May 27 Cotton  is at 85.34, up 4 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.