⛏Cotton Futures
COTTON
▼ NegativeSupplyrelevance
Cotton futures edge lower, giving back gains, with dryness in Texas noted.
Impact on assets 1
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Cotton Futures Edge Lower in Early Thursday Trading
2▲0 ▼1Impact / 5
Cotton futures are posting modest losses of 3 to 6 points in Thursday morning trading, giving back a portion of the 48 to 71 point gains recorded across the board at Wednesday's close. The Cotlook A Index rose 90 points on Tuesday to 93.70 cents, while ICE certified cotton stocks fell 1,739 bales on August 4 to 84,632 bales. The Adjusted World Price was raised 84 points last week to 64.66 cents per pound, a level effective through Thursday. The NOAA 7-day quantitative precipitation forecast shows continued dryness across much of Texas, with only very light totals in the Gulf and up to an inch of rain in parts of Georgia.
Cotton futures edge lower, giving back gains, with dryness in Texas noted.