Cotton losses extend Tuesday

Cotton term contracts drop from 60 to 77 more points on Tuesday. Brut oil increased from 79 cents / additional barrel to $ 68.72, with the US dollar index $ 0.144 at $ 97.285.
Weekly data on crop progress has shown the 48% American cotton harvest in the square, with 14% of the puree, the two 1% on average. The conditions of conditions increased by 1% to 52% GD / ex, with the Brugler500 stable index at 336.
The data of the commitment of merchants showed a reduction in contracts of 5,175 to the short of the net in term contracts and cotton options during the week ending on July 1, bringing it to 42,910 contracts.
The Cotlook index was unchanged on 7/7 at 79.15. Ice cotton stocks fell by 2,335 balls on July 7 via a decertification, the level of stocks certified at 37,989 balls. The USDA-adjusted world prize (AWP) increased 116 points Thursday afternoon to 55.34 cents / LB.
July 25 closed at 65.39, down 27 points,
October 25 Cotton closed at 66.02, down 77 points,
December 25 Cotton closed at 67.29, down 60 points
On the date of publication, Austin Schroeder had (directly or indirectly) positions in any of the titles mentioned in this article. All information and data of this article are only for information purposes. This article was initially published on Barchart.com


