Cotton Futures Continue to Rise Amid Supportive Market Conditions

The cotton market saw midday gains on Wednesday, with futures up by 7 to 19 points. Key market influences include a 125-point decline in the U.S. dollar index and a $1.92 increase in crude oil prices per barrel.

Sales and Stock Updates

On January 14, The Seam reported online sales of 5,283 bales at an average price of 60.86 cents per pound. Additionally, certified stocks on the Intercontinental Exchange (ICE) decreased by 19,895 bales due to decertification, leaving only 218 bales of certified stocks. The Cotlook A Index experienced a rebound, rising 55 points on January 14 to settle at 78.00 cents per pound. Conversely, the USDA Adjusted World Price (AWP) fell by 37 points last Thursday, now at 54.66 cents per pound, which reflects recent market fluctuations.

Current Cotton Future Prices

Mar 25 Cotton: 67.69, up 19 points

May 25 Cotton: 68.82, up 12 points

Jul 25 Cotton: 69.79, up 7 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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