Cotton Futures See Midday Gains Amidst Variable Market Influences

Cotton futures have reported midday gains ranging from 101 to 108 points. Despite pressure from outside markets, these increases remain unaffected. The US dollar index has risen by 527 points, while crude oil futures have decreased by 35 cents per barrel.

On November 19, The Seam recorded 2,808 bales of online cotton sales, with an average price of 64.18 cents per pound. The ICE cotton stocks remained stable on Tuesday, holding at 13,274 bales of certified stocks. The Cotlook A Index has increased by 10 points as of November 19, now sitting at 79.45 cents per pound. Lastly, the USDA Adjusted World Price (AWP) saw a rise of 24 points last week to reach 58.20 cents per pound, with the next update scheduled for Thursday.

Mar 25 Cotton is priced at 70.33, reflecting an increase of 108 points.

May 25 Cotton stands at 71.54, up 104 points.

Jul 25 Cotton is currently at 72.69, showing a gain of 101 points.

On the date of publication, Austin Schroeder did not hold positions in any of the mentioned securities. All information and data in this article are for informational purposes only. For further details, please refer to the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.