Cotton Futures Show Strength Despite Market Pressures

Cotton Prices Rise Amid Mixed Economic Signals

Cotton futures concluded Wednesday’s trading with increases ranging from 15 to 52 points. However, external market pressures were notable, as crude oil prices fell by 79 cents per barrel and the US dollar index rose by 356 points.

On October 22, The Seam reported 1,134 bales of online sales, with an average price of 70.74 cents per pound. Meanwhile, the ICE cotton stocks remained steady as of Tuesday, totaling 174 bales of certified stocks. The Cotlook A Index saw a rise of 120 points on October 22, reaching 83.80 cents per pound. Additionally, the USDA Adjusted World Price (AWP) was lowered by 117 points, settling at 59.24 cents per pound, with another update expected on Thursday.

Mar 25 Cotton closed at 74.53, reflecting an increase of 49 points.

May 25 Cotton closed at 75.86, gaining 45 points.

Jul 25 Cotton closed at 76.78, up 41 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.

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