Cotton Rallying on Tuesday

Austin Schroeder Barchart Tue Feb 4, 12:07PM CST
Cotton plant closeup by Esin Deniz via iStock

Cotton futures are showing gains of 76 to 77 points at midday on Tuesday. The outside markets are mixed factors, as crude oil futures are down 52 cents/barrel. The US dollar index is providing the support, down 992 points on the day.

Monday afternoon’s Cotton Systems report showed a total of 216 RB of cotton consumed domestically in December, with stocks at 989 RB.

The Seam reported 4,407 bales of online sales on February 3 at an average price of 59.81 cents/lb. ICE cotton stocks were unchanged on Monday, at 218 bales of certified stocks. The Cotlook A Index was down another 50 points on 2/3 at 76.80 cents/lb. The USDA Adjusted World Price (AWP) was back up 31 points from the previous week last Thursday afternoon at 54.02 cents/lb. 

Mar 25 Cotton  is at 66.81, up 77 points,

May 25 Cotton  is at 67.88, up 77 points,

Jul 25 Cotton  is at 68.98, up 76 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.