Cotton futures were up 9 to 37 points across most contracts on Monday. Crude oil was up another 65 cents per barrel, with the US dollar index up 0.209.
Monday afternoon’s Crop Progress showed 73% of the US cotton crop squared as of Sunday, 1% ahead of normal. The crop was also 32% setting bolls, matching the 5-year average pace. Condition ratings were pegged at 45% good/excellent, up 1 percentage point on the week. The Brugler500 index was up 1 point to 332.
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.
Oct 26 Cotton closed at 77.37, up 30 points,
Dec 26 Cotton closed at 78.92, up 29 points,
Mar 27 Cotton closed at 80.29, up 28 points
