Cotton International News
ICE cotton futures closed Tuesday’s trading session with contracts ranging from 9 points lower to 6 points higher. During the session, crude oil prices rose by $1.05 per barrel, while the US Dollar Index declined by 0.375 points.
According to the weekly Crop Progress report, 82% of the US cotton crop had open bolls as of Sunday. Harvest was 31% complete, running 2 percentage points ahead of the normal pace. The proportion of cotton rated good to excellent increased by 2 percentage points to 34%. The Brugler500 index also rose by 2 points to 292.
According to The Seam, 836 bales of cotton were sold on Monday at an average price of 77.22 cents per pound. On October 13, the Cotlook A Index increased by 50 points to 91.15. ICE certified cotton stocks remained unchanged on October 13 at 17,756 bales.
The Adjusted World Price (AWP) declined by another 135 points last week to 63.81 cents per pound.
