Cotton futures are currently experiencing declines, with contracts down between 72 to 112 cents for front months at midday. Outside market pressures are contributing factors, as crude oil futures are down by 40 cents per barrel, while the US dollar index has risen by $0.139 today.

Export Commitments and Industry Performance

According to recent Export Sales data, total commitments for export sales stand at 9.61 million running bales (RB), marking an 8% decrease compared to last year and representing 93% of the USDA’s export projection—indicating a pace that aligns with normal activity. Actual shipments totaled 4.508 million RB, reflecting a 16% drop year-over-year and accounting for only 44% of the USDA’s projected figures, lagging behind the historical average of 46%.

Market Insights

On February 27, The Seam recorded 4,795 bales in online sales, with an average price of 59.13 cents per pound. The Cotlook A Index has also seen a decline, falling another 50 points to 77.50 cents per pound as of the same date. Certified ICE cotton stocks remained stable, totaling 12,653 bales. Additionally, the USDA lowered its Adjusted World Price (AWP) by 78 points to 53.89 cents per pound earlier today.

Current Cotton Futures Prices

Mar 25 Cotton is priced at 64.48, down 72 points.

May 25 Cotton is at 65.48, down 112 points.

Jul 25 Cotton is at 66.61, down 107 points.

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

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