Cotton futures closed out the Wednesday session with contracts getting a midweek pop. Front months were up 40 to 54 points at the closing bell. Crude oil futures were up 94 cents/barrel and the US dollar index $0.369 higher on the day.
The Seam showed 2,569 bales in online sales on Tuesday at an average price of 57.80 cents/lb. The Cotlook A Index was back up 25 points on 3/25 at 77.75 cents/lb. ICE cotton stocks were unchanged on March 25, with the current level of certified stocks at 14,488 bales. USDA’s Adjusted World Price (AWP) was up 87 points last Thursday to 54.63 cents/lb.
Commodity Bulletin: From crude oil to coffee, this FREE newsletter is for industry pros and rookies alike
May 25 Cotton closed at 65.68, up 54 points,
Jul 25 Cotton closed at 67.22, up 47 points,
Dec 25 Cotton closed at 69.29, up 49 points
On the date of publication, Austin Schroeder 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.
More news from Barchart
- The Cotton Futures Market Is Still Struggling. Look for These 5 Early Signs of a Price Bottom.
- Big Futures Traders Are Shorting the Cotton Market. Is a Major Move Coming?
- Is Cotton Cheap at Below 70 Cents per Pound?
- Is Cotton Going Higher in 2025?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
