S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketCotton futures posted Tuesday weakness, closing 44 to 56 points lower. Crude oil futures were down $2.48/barrel, falling to a 4-year low and the lowest close since April 2021. The US dollar index was back down $0.247 on the day.
The addition 50% tariffs on China are set to go into effect tomorrow April 9, taking the new total to 104% on all Chinese goods.
There were just 539 cash bales sold on The Seam on 4/7 at an average price of 63.34 cents/lb. The Cotlook A Index was back down 145 points on Monday at 75.25 cents/lb. ICE cotton stocks were steady on April 7, with the current level of certified stocks at 14,488 bales. USDA’s Adjusted World Price (AWP) was back up 158 points last week to 55.22 cents/lb.
May 25 Cotton closed at 65.55, down 44 points,
Jul 25 Cotton closed at 66.33, down 56 points,
Dec 25 Cotton closed at 67.75, down 48 points
