Cotton prices are trading in most contracts with a loss of 5 to 18 points in early Tuesdays, as July is exception, 16 points. On Monday, futures closed with a profit of 14 to 37 points, October 54 points. Crude oil prices were $ 0.80/barrel, with the US dollar index below $ 0.152 to $ 98.990.
The USDA reported 76% of the US cotton crop until Sunday, lagging at an average speed of 80%. The crop was paid 12%, matching the average of 5 years. The conditions at 49% GD/EX were stable, with unchanged at the Brugler500 index 324.
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Cotlook A Index 77.75 was returned at 6/6 at 6/6. With a certified stock level of 51,965 lumps, ice cotton stock 174 lumps were lowered through decirtification. The USDA’s adjusted World Price (AWP) returned 8 points at 53.76 CIT/LBE last week.
July 25 Cotton Closed at 65.99, 37 points, currently 16 points up
25 October Cotton Closed at 66.9, 54 points below, currently 18 points down
25 December Cotton Closed at 68.35, 14 points, currently 5 points down
On the date of publication,
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