Cotton futures are trading with 21 to 34 point gains so far on Friday. The outside markets are mixed with crude oil down $2.95/barrels, with the strength coming in the form of a sharply lower dollar index, down 1155 points.
The Seam reported another round of online cash cotton sales on August 1 of 125 bales this time at an average price of 50.26 cents. ICE cotton stocks were down 7,420 bales on decertification on August 1, leaving 19,343 bales of cert stocks. The Cotlook A Index was down 50 points on August 1 at 80.35 cents/lb. The USDA Average World Price (AWP) was cut by 108 points on Thursday afternoon to 53.94 cents/lb, and is in effect starting Friday through next Thursday.
Dec 24 Cotton is at 68.36, up 28 points,
Mar 25 Cotton is at 69.97, up 27 points,
May 25 Cotton is at 71.22, up 24 points
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