Cotton Futures Decline as Outside Markets Pressure Prices

Cotton futures experienced losses on Tuesday, with most contracts declining by 70 to 106 points. This downturn was influenced by the outside markets, where crude oil futures fell by $1.87 per barrel and the US dollar index decreased by $0.211, settling at 99.000.

According to the National Agricultural Statistics Service (NASS), 15% of the US cotton crop had been planted as of April 27, marking a 1 percentage point increase versus the 5-year average pace.

Market Updates on Cotton and Prices

The Cotlook A Index decreased by 40 points on Friday, landing at 80.15 cents per pound. ICE cotton stocks remained stable as of April 25, showing a certified stocks level of 14,478 bales. Additionally, the USDA’s Adjusted World Price (AWP) rose by 145 points last Thursday to reach 54.88 cents per pound.

Closing Prices for Cotton Contracts

May 25 Cotton closed at 66.35 cents, down 3 points.

July 25 Cotton closed at 66.49 cents, down 106 points.

December 25 Cotton closed at 68.27 cents, down 74 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 are provided solely for informational purposes. For further information, please refer to the Barchart Disclosure Policy
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