Cotton Posting Mixed Trade on Monday

Cotton futures are trading with contracts mixed on Monday, anywhere from 13 points lower to  10 points higher. Crude oil is down $3.27 per barrel on the session, with the US dollar index $0.499 lower.

Commitment of Traders data from CFTC showed managed money trimming back another 3,042 contracts from their net long in the week of 11/3 to 53,148 contracts.

The Seam reported 6,296 bales sold on Friday, at an average of 79.63 cents/lb. The Cotlook A index was up 50 points on November 6 at 90.40. ICE certified cotton stocks were up 8,551 bales on 11/6, with the certified stocks level at 75,725 bales. The Adjusted World Price was down 94 points on last week to 63.57 cents/lb. 

Dec 26 Cotton  is at 78.98, down 13 points,

Mar 27 Cotton  is at 82.89, up 10 points,

May 27 Cotton  is at 84.43, up 8 points

On the date of publication, Austin Schroeder did not directly have a position 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.