Cotton Futures Experience Decline Amid Mixed Market Conditions

Crude Oil Prices Fall as Cotton Exports Show Yearly Decline

Cotton futures fell between 76 and 90 points during Wednesday’s trading session. Mixed signals from outside markets contributed to this decrease; crude oil futures dropped by $1.50 per barrel, while the US dollar index declined by 0.363 points.

According to Census data, December cotton exports reached 843,230 bales. This figure represents a 23.91% decrease from the previous year but shows a significant increase of 28.02% compared to November.

On February 4, The Seam reported online sales of 8,781 bales, with an average price of 59.39 cents per pound. ICE cotton stocks remained stable at 218 bales of certified stocks as of Tuesday. The Cotlook A Index recorded an increase of 25 points on February 4, rising to 77.05 cents per pound. Additionally, the USDA Adjusted World Price (AWP) experienced a rise of 31 points last week, reaching 54.02 cents per pound. This AWP will be updated again on Thursday afternoon.

Mar 25 Cotton closed at 66.04, reflecting a decrease of 90 points.

May 25 Cotton closed at 67.20, down 85 points.

Jul 25 Cotton closed at 68.34, down 76 points.

On the date of publication, Austin Schroeder did not have positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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