Cotton Prices Show Mixed Movement Amid Market Changes

Cotton prices are showing gains between 85 to 96 points as of midday Monday. Meanwhile, crude oil has increased by $0.33 per barrel. In currency markets, the US dollar index has decreased by 0.666, settling at 100.280.

CFTC Report Highlights Manager Activity

The weekly CFTC report indicates that money managers in cotton futures and options added 8,039 contracts to their net short positions as of May 13th. This brings their total short positions to 29,088 contracts by the close on Tuesday.

Market Sales and Indexes Remain Steady

The Seam reported 707 bales sold on May 16 at an average price of 56.15 cents. The Cotlook A Index remained unchanged on Friday at 77.25. Certified ICE cotton stocks held steady on May 16, with 34,153 bales certified. The USDA’s Adjusted World Price (AWP) fell by 91 points on Thursday, now at 53.90 cents per pound.

Cotton Futures Performance

Jul 25 Cotton is currently priced at 65.85, reflecting an increase of 96 points.

Oct 25 Cotton is at 67.58, down 69 points.

Dec 25 Cotton stands at 68.56, up 89 points.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data are for informational purposes only. For further details, please view the Barchart Disclosure Policy.
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