Cotton futures are showing mixed trading results as of June 6, 2023, with nearby July contracts up 19 points to 65.81, while October contracts are down 110 points to 66.34, and December contracts down 7 points to 68.14. The managed money segment has increased its net short position by 3,386 contracts, reaching a total of 46,605 contracts.
Crude oil prices have risen by $0.22 per barrel, with the US dollar index declining by $0.212 to 98.930. The Cotlook A Index increased by 25 points to 77.75, while ICE cotton stocks decreased by 174 bales to a certified level of 51,965 bales. The USDA’s Adjusted World Price fell by 8 points to 53.76 cents per pound as of last week.
