Cotton Futures Slide as Markets React to Mixed Signals

Cotton Faces Losses After Monday’s Gains; Market Updates Ahead of Holidays

Cotton futures experienced a decline on Tuesday, erasing some of Monday’s gains. Prices fell between 14 to 64 points as the trading environment shifted. Meanwhile, the US dollar index rose by 193 points, and crude oil increased by $0.93 per barrel.

The ICE cotton market will be closed on Wednesday for Christmas, reopening at 6:30 am CDT on Thursday.

On December 23, The Seam reported 16,232 bales of online sales, with an average price of 61.50 cents per pound. Certified ICE cotton stocks remained unchanged at 20,113 bales as of Monday. The Cotlook A Index increased by 15 points on December 23, reaching 78.30 cents per pound. However, the USDA Adjusted World Price (AWP) saw a decrease of 113 points last week, now sitting at 55.09 cents per pound. This AWP will remain effective until Thursday.

Mar 25 Cotton closed at 68.78, down 64 points.

May 25 Cotton closed at 69.88, down 59 points.

Jul 25 Cotton closed at 70.85, down 51 points.

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

More news from Barchart

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