Cotton Futures Decline Amid Mixed Market Signals

On Wednesday, cotton futures fell, with contracts dropping between 30 to 61 points. A stronger US dollar and lower crude oil prices influenced the market negatively.

Online Sales and Market Data

The Seam reported 4,395 bales sold online on December 17, averaging 64.93 cents per pound. Meanwhile, ICE cotton stocks remained stable at 20,113 certified bales as of Tuesday. The Cotlook A Index decreased by 25 points on December 17, landing at 79.25 cents per pound. Recently, the USDA adjusted the World Price (AWP), cutting it by 152 points last Thursday to 56.22 cents per pound, with another update expected this Thursday.

Closing Prices for Cotton Futures

The March 25 cotton contract closed at 68.08, a decline of 61 points.

The May 25 contract settled at 69.21, down 61 points.

The July 25 cotton futures closed at 70.23, also down 61 points.

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

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