Cotton

Cotton futures are mostly mixed at midday, as nearby Oct is down 30 points, with back months 8 points higher. The Seam reported online cash sales of 492 bales, with prices rising 2.92 points to 68.27 cents/lb. The Cotlook A index for September 19 was up 80 points from the previous day at 79.7 cents/lb. China sold another 27,200 MT of cotton in Wednesday’s auction of state reserves that saw 27,400 MT offered. The Fed is expected to leave interest rates UNCH this afternoon, but to announce a policy on unwinding its long term debt portfolio.

Oct 17 Cotton is at 69.68, down 30 points,

Dec 17 Cotton is at 69.19, down 8 points

Mar 18 Cotton is at 68.41, up 11 points

May 18 Cotton is at 68.860, up 9 points




Market Commentary provided by:

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