Cotton posted triple digit losses on Monday, with a large number of information below 112 to 124 points compared to the expected acreage number. Crude oil was below $ 0.55/barrel, with the US dollar index $ 0.590 low.
95% of the US cotton crop (an average 98%) was shown in the weekly crop progression data, with 40% squareing (3 digits ahead of normal and 3 digits ahead of 9% settings balls. The condition ratings improved 4% to 51% GD/East, Brugler 500 index to 9 points to 336.
Don’t remember one day: From crude oil to coffee, sign up free for the best-in-class commodity analysis of Barkart.
In the USDA’s monkey report this morning, 10.12 million cotton acres were deployed in this spring, above the number of 9.735 million business ideas and 9.867 million acres of March.
Seam sold 3,134 knots at an average price of 65.21 cents in Friday’s online auction. Cotlook A Index increased by 50 points at 79.65 on 6/27. On 27 June, snow cotton stocks were below 6,385, with a level of certified shares of 45,110 bales. The USDA’s adjusted World Price (AWP) had increased by 15 points at 54.18 cents/lb on Thursday.
July 25 Cotton Closed at 66.28, 124 points below,
25 October Cotton Closed at 67.68, 112 points below,
25 December Cotton 68.13 closed at 68.13
On the date of publication,
There were no securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barcart Disclosure Policy
Here,
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
