Cotton Holding Higher at Monday's Midday
Cotton Holding Higher at Monday's Midday.
Cotton futures are up 34 to 63 points so at Monday's midday. Crude oil is up another 24 cents per barrel, with the US dollar index up 0.239.
Friday afternoon's Commitment of Traders report showed managed money spec funds in cotton futures and options adding another 10,578 contracts to their net long in the week ending on Tuesday to 49,684 contracts.
There's a Trainwreck Happening in Cattle Prices. Here's What You Need to Watch This Week.
Soybean Meal Prices Are Rising Amid Global Supply Disruptions. How to Trade the Uptrend Here.
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
The Seam reported 2,299 bales sold on Friday at an average of 80.40 cents/lb. The Cotlook A Index was down 225 points on 7/17 at 88.40 cents. ICE certified cotton stocks were unchanged on July 17, with the certified stocks level at 98,838 bales. The Adjusted World Price was raised by 3.52 cents on Thursday to 65.37 cents/lb.
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Sinergia Empresarial continuará el seguimiento de esta información sobre cotton Holding Higher at Monday's Midday y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
