Cotton Futures Close Higher Amid Mixed Commodity Markets

On Monday, cotton futures finished strong, with contracts increasing between 43 to 54 points by the close of trading. In other commodities, crude oil saw a rise of 52 cents per barrel, while the US dollar index gained 101 points.

As of Friday, ICE cotton stocks remained steady at 1,732 bales of certified stocks. The Seam recorded 5,276 bales in online sales on February 21, achieving an average price of 62.13 cents per pound. Additionally, the Cotlook A Index dropped by 25 points on Thursday, settling at 78.05 cents per pound. Notably, the USDA raised the Adjusted World Price (AWP) last Thursday by 68 points, now at 54.67 cents per pound.

Mar 25 Cotton closed at 66.51, an increase of 43 points.

May 25 Cotton finished at 67.88, up 54 points.

Jul 25 Cotton ended at 68.8, gaining 49 points.

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

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