Cotton futures are down 83 to 98 points across most front months on Tuesday. Crude oil is down $1.70 per barrel on the session, with the US dollar index $0.320 higher.

Crop Progress data tallied 89% of the US cotton crop with bolls opening as of 10/25, behind the 92% average pace. Harvest was 52% complete, 7 percentage points ahead of normal. Conditions slipped 2% to 33% gd/ex in the final rating for the year, as the Brugler500 index was down 3 points to 289.

The Seam reported just 61 bales sold on October 27, at an average of 65.15 cents/lb. The Cotlook A index was down 50 points on 10/26 at 91.95. ICE certified cotton stocks back down 1,074 bales on October 26, with the certified stocks level at 26,791 bales. The Adjusted World Price was up another 40 points last week to 65.01 cents/lb. 

Dec 26 Cotton  is at 78.16, down 90 points,

Mar 27 Cotton  is at 81.94, down 92 points,

May 27 Cotton  is at 83.53, down 99 points

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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