Cotton Slipping Lower at Midday

Harvesting cotton field by Leila Melhado via iStock

Cotton futures are down 21 to 28 points in the front months so far on Wednesday. The outside markets are pressure factors, as crude oil futures are down $1.19/barrel on the day, with the US dollar index up 77 points.

The Seam reported 2,998 bales of online sales on January 28 at an average price of 56.36 cents/lb. ICE cotton stocks were unchanged on Tuesday, at 218 bales of certified stocks. The Cotlook A Index was down 25 points on 1/28 at 78.30 cents/lb. The USDA Adjusted World Price (AWP) was down another 27 points from the previous week last Thursday afternoon at 53.71 cents/lb. 

Mar 25 Cotton  is at 66.7, down 28 points,

May 25 Cotton  is at 67.89, down 22 points,

Jul 25 Cotton  is at 69.04, down 21 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.