Cotton Rallying on Monday

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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Cotton Rallying on Monday August 19, 2024 — 02:35 pm EDT Written by Alan Brugler for Barchart-> Cotton prices are 112 to 151 points higher so far on Monday. The US dollar index is down another 482 points and below $102, with crude oil losing $1.25 per barrel. The large managed money spec funds were net short 49,454 contracts ad of Tuesday, a 2,570 contract reduction on the week. ICE cotton stocks were down another 2,759 bales on August 16 on decertification, leaving 12,767 bales of cert stocks. The Cotlook A Index was back up 15 points on August 16 to 78.60 cents/lb. The USDA Average World Price (AWP) is 55.35 cents/lb for the next week through Thursday, up 11 points on the week.Dec 24 Cotton is at 68.75, up 151 points,Mar 25 Cotton is at 70.1, up 136 points,May 25 Cotton is at 71.26, up 127 pointsOn the date of publication, Alan Brugler 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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