Cotton Futures Gain Ground Amid Mixed Market Signals

Cotton futures experienced positive movement on Tuesday, gaining between 88 to 94 points. This increase occurred alongside a backdrop of varied factors in outside markets, where crude oil futures edged down by 43 cents per barrel. Additionally, the US dollar index acted as a supportive force, decreasing by 1.042 overall.

Market Activity and Pricing Insights

The Seam reported 4,407 bales of online sales on February 3, with an average price of 59.81 cents per pound. Meanwhile, ICE cotton stocks remained steady on Monday, holding at 218 bales of certified stocks. The Cotlook A Index decreased by 50 points on February 3, landing at 76.80 cents per pound. Conversely, the USDA Adjusted World Price (AWP) rose 31 points compared to the previous week, settling at 54.02 cents per pound.

Cotton Futures Closing Prices

Mar 25 Cotton closed at 66.94, up 90 points.

May 25 Cotton finished at 68.05, an increase of 94 points.

Jul 25 Cotton ended at 69.1, rising by 88 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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