Cotton Futures Hold Steady Amid Mixed Market Influences

On Thursday, cotton futures showed stability, rising as much as 4 points. Mixed signals from outside markets include a decline in the US dollar index by 38 points, while crude oil prices increased by $0.19 per barrel.

Online Sales and Stock Updates

The Seam reported 441 bales sold online on December 24, with an average price of 58.80 cents per pound. Additionally, ICE cotton stocks remained steady as of Tuesday, holding at 20,113 bales of certified stocks. The Cotlook A Index increased by 130 points on December 24, reaching 79.60 cents per pound. Meanwhile, the USDA Adjusted World Price (AWP) saw another reduction of 113 points last week, now standing at 55.09 cents per pound, with an update expected later today.

Current Cotton Future Prices

Mar 25 Cotton: $68.78, unchanged

May 25 Cotton: $69.88, unchanged

Jul 25 Cotton: $70.89, up 4 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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