Cotton Futures Slide: A Midday Market Update

The cotton market is experiencing losses today, with futures declining between 34 and 39 points as of midday. In the broader financial scene, the US dollar index has decreased by 16 points, while crude oil prices have also dropped, now sitting at 92 cents per barrel.

Market Activity and Key Figures

On December 16, The Seam reported 6,398 bales of online sales, with the average price recorded at 64.11 cents per pound. Meanwhile, ICE cotton stocks remained steady, maintaining a total of 20,113 bales of certified stocks as of Monday. Notably, the Cotlook A Index fell by 75 points as of December 13, landing at 79.50 cents per pound. Additionally, the USDA Adjusted World Price (AWP) saw a significant decrease of 152 points last Thursday, now at 56.22 cents per pound.

Current Futures Prices

Mar 25 Cotton is trading at 68.72, down 34 points.

May 25 Cotton stands at 69.84, reflecting a decrease of 38 points.

Jul 25 Cotton is currently priced at 70.88, down 39 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.

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