Cotton Futures Slide Amid Mixed Market Conditions

Cotton futures are currently experiencing declines, with losses ranging from 45 to 146 points as of Monday. In the broader market, crude oil futures have fallen $1.27 per barrel, while the US dollar index has increased by $0.304, reaching 98.950.

CFTC Reports Reveal Fund Activity

According to the weekly data from the Commodity Futures Trading Commission (CFTC), speculative funds reduced their net short position in cotton futures and options by 4,981 contracts, bringing the total to -37,437 contracts as of April 22.

Market Transactions and Price Movements

The Seam reported that 4,649 cash bales were sold online on April 25, with an average price of 64.17 cents per pound. Meanwhile, the Cotlook A Index rose by 25 points on Friday, reaching 80.55 cents per pound. Certified stocks on the ICE remained stable as of April 25, totaling 14,478 bales. Furthermore, the USDA’s Adjusted World Price (AWP) increased by 145 points last Thursday, now at 54.88 cents per pound.

Current Cotton Futures Prices

May 25 Cotton is priced at 66.85, down 45 points.

July 25 Cotton stands at 67.34, down 146 points.

December 25 Cotton is at 68.70, down 127 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 is for informational purposes only. Please refer to the Barchart Disclosure Policy
here.

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