Cotton Rebounding on Tuesday
Cotton futures are displaying 50 to 65 level positive factors throughout most contracts on Tuesday, with March down 41 factors on skinny commerce. Crude oil futures are down 52 cents per barrel on the day at $65.81. The US greenback index is up $0.069 at $97.710.
The Seam confirmed gross sales of 6,714 bales offered on 2/23, averaging 58.60 cents/lb. The Cotlook A Index was up 160 factors on Friday at 75.75 cents. ICE licensed cotton shares have been regular on February 23, with the licensed shares stage at 119,457 bales. The Adjusted World Worth was up 66 factors final Thursday afternoon to 50.05 cents/lb.
Mar 26 Cotton is at 63.15, down 41 factors,
Could 26 Cotton is at 65.77, up 63 factors,
Jul 26 Cotton is at 67.41, up 59 factors
On the date of publication, Austin Schroeder didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. This text was initially revealed on Barchart.com
