Cotton Pushing Higher at Midday

Austin Schroeder Barchart Wed Jun 25, 12:39PM CDT
Cotton field with drones by DJI-Agras via Pixabay

Cotton futures are up 54 to 101 points across most contracts on Wednesday. Crude oil is back up $1.26 at midday, with the US dollar index steady.

Traders are looking for cotton acreage to total 10 million acres in Monday’s June 30 Acreage report.

The Seam reported just 182 bales sold in the Tuesday online auction at an average price of 59 cents. The Cotlook A Index was up 85 points on 6/24 at 78.40. ICE cotton stocks were down 1,196 bales on June 24, with a certified stocks level of 61,136 bales. USDA’s Adjusted World Price (AWP) was up 1 point last week at 54.03 cents/lb and is effective through Thursday.

Jul 25 Cotton  is at 67.02, up 101 points,

Oct 25 Cotton  is at 67.98, up 54 points,

Dec 25 Cotton  is at 68.36, up 57 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.