Cotton prices are trading on Friday trade with a loss of 20 to 50 points. Crude oil is at $ 1.88/barrel $ 68.45, the US dollar index is more than $ 0.193 $ 97.515.
The monthly update of the USDA balance sheet showed an increase of 300,000 bundle in US cotton exports on 11.8 million bales. This tightened the US shares with the same amount of 4.1 million lumps. For the new crop, the offset of production which is a carriageover drop, with an increase of 600,000 bundle with a total of 8.66 million harvesting acres and 14.6 million villages. The yield was trimmed by 11 pounds/AC. Still the approximate carouts increased to 4.6 million lumps due to an increase in supply.
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Cotlook A Index 7/10 increased by 45 points at 78.60. Ice Cotton Stock on 10 July 14 lumps were below the dictation, with certified stock levels at 35,333 lumps. The USDA’s adjusted World Price (AWP) returned 63 points at 54.71 cents/LB on Thursday afternoon.
25 October Cotton At 66.05, 20 points below,
25 December Cotton At 67.36, 37 points below,
March 26 cotton At 68.64, 42 points below
On the date of publication,
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