Cotton futures posted gains of 44 to 103 points across the front months on the Tuesday session. The US dollar index was back down $0.041 to $98.545, as crude oil futures were another $1.15/barrel lower.
Cotton exports excluding linters during June totaled 1.008 million bales, a 22.03% improvement from last year but down 20.02% from May.
The weekly Crop Progress report from NASS showed conditions unchanged at 55% gd/ex, with the Brugler500 index steady at 345 despite some shifting. Ratings in TX were down 8 points with GA improving 8 points
The Cotlook A Index was down a penny at 77.50 cents on August 4. ICE cotton stocks were steady on 8/4, with the certified stocks level at 21,617 bales. USDA’s Adjusted World Price (AWP) was back down 43 points on last week at 54.52 cents/lb. It is good through Thursday.
Oct 25 Cotton closed at 65.59, up 103 points,
Dec 25 Cotton closed at 67.11, up 47 points,
Mar 26 Cotton closed at 68.42, up 44 points
Source: barchart.com