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 closed the Monday session coming down from the overnight highs, but still with 30 to 36 point gains at the final bell. Crude oil futures were up a nickel/barrel to $61.55, with the US dollar index down $0.021 to $98.750.
US and Chinese negotiators had constructive discussions over the weekend in Malaysia, come out with a framework for President Trump and China’s President Xi to discuss this Thursday. Nothing specific on cotton was mentioned, but the two sides coming together is seen as friendly.
The Friday online auction from The Seam showed 679 bales sold with an average price of 58.95 cents/lb. The Cotlook A Index was back up 25 points on 10/24 at 75.55 cents. ICE certified cotton stocks were steady on October 24, with the certified stocks level at 17,552 bales.
Dec 25 Cotton closed at 64.56, up 36 points,
Mar 26 Cotton closed at 66.07, up 36 points,
May 26 Cotton closed at 67.3, up 35 points
