Larger than the expected acre reported by the USDA, cotton futures are showing weakness on Monday. The contract is 110 to 139 points in the afternoon in delivery in delivery of 45 points. Crude oil is below $ 0.58/barrel, US dollar index with $ 0.376 low
On Friday afternoon commitment of the traders report saw cotton imagination traders on Tuesday trimmed 2,946 contracts from their net short status as 48,085 contracts till 24 June.Wan,
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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 At 67.52, 45 points,
25 October Cotton At 67.7, 110 points below,
25 December Cotton At 67.93, 139 points below
On the date of publication,
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