Cotton goes to the Labor holiday with losses

Cotton futures decreased from 64 to 83 points in Friday session, with December 147 points this week. The US dollar index rose $ 0.042 a day to 97.780 dollars, with the declines of crude oil drop 0.55 dollars. The market will be closed on Monday due to the Labor Day holiday, with a regular opening of the Tuesday session.

The commitment of traders from CFTC has shown the money managed to add 3,614 contracts to their short location in the future contracts for the cotton and its options from Tuesday. This short window was in 59,931 contracts by August 26^Y.

The US Department of Agriculture has reported the obligations of the sale of the accumulated cotton export at 3.412 million perits, a decrease of 23 % from last year. This is 30 % of the export of the US Department of Agriculture and behind the average sales speed by 47 %.

CotLook A did not change at 78.20 cents on August 28. The ice cotton stocks were fixed at 8/28, with the level of stock approved at 15,474 Palt. The average global price in the US Department of Agriculture (AWP) fell 59 points on Thursday at 54.94 cents/pounds.

Cotton closed October 25 in 65.21, a decrease of 83 points,

December 25 Cotton closed at 66.54, a decrease of 76 points,

March 26 of cotton closed in 68.44, a decrease of 64 points

On the date of publication, Austin Schroeder did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com