Cotton futures were up 7 to 17 points in the nearby contracts on Friday. The dollar index is up 485 points, with crude oil futures down $2.29 /barrel to add little pressure.
Export commitments of cotton shipped and unshipped 2024/25 sales are now at 4.441 million RB, down 15% from last year. That is 39% of the USDA forecast and behind the 51% average pace.
The Seam reported online cash sales of just 1,497 bales at an average price of 65.66 cents on Thursday. ICE cotton stocks unchanged on August 29, leaving just 266 bales of cert stocks. The Cotlook A Index was back down 150 points on August 29 at 79.95 cents/lb. The USDA Average World Price (AWP) was updated to 56.98 cents/lb for the next week through Thursday, up 108 points from the week prior.
Dec 24 Cotton closed at 69.99, up 7 points,
Mar 25 Cotton closed at 71.65, up 13 points,
May 25 Cotton closed at 72.87, up 17 points
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