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 slightly stronger trade on Thursday, closing with 1 to 11 point gains with now in deliveries October down 21 points. The US dollar index was back up $0.617 on the day to $98.135, with crude oil futures 25 cents higher.
Export Sales data from this morning showed just 86,094 RB of cotton sold in the week of 9/18, a marketing year low. India was the buyer of 27,300 RB, with 22,300 RB sold to Turkey. Shipments were a 3-week high at 137,223 RB. Vietnam was destined for 41,700 RB, with 21,000 RB to India and 20,600 RB to Bangladesh.
Wednesday’s online auction from The Seam showed 444 sales at an average price of 65.48 cents/lb. The Cotlook A Index was up 30 points to 78.15 cents on September 24. ICE cotton stocks were again steady on 9/24, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was back down 41 points last week at 54.38 cents/lb.
Oct 25 Cotton closed at 63.83, down 21 points,
Dec 25 Cotton closed at 66.28, up 11 points,
Mar 26 Cotton closed at 68.19, up 8 points
