HomeMost PopularRiding the Wave: Cotton Futures Soar to Lock Limit Higher

Riding the Wave: Cotton Futures Soar to Lock Limit Higher

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Cotton Futures Surge Midday

At midday, the May and July cotton futures are surging, locked at a 4c limit gain. The surge continues with New crop futures also seeing an increase by 53 to 98 points.

Market Indices and Certifications

The Cotlook A Index experienced a drop of 80 points, settling at 100.70 cents on 2/26. In comparison, the AWP showed strength with a 168-point surge, reaching 75.12 cents. ICE certified stocks stood at 997 bales as of 2/21.

Cotton Prices on the Rise

Mar 24 Cotton saw a significant increase, reaching 99 and up by 242 points. Meanwhile, May 24 Cotton reached 98.8, marking a remarkable 400-point surge, with Jul 24 Cotton following closely at 97.68, also up by 400 points.

The information and data contained in this article serve purely informational purposes. Alan Brugler, the writer of this piece, holds no positions (directly or indirectly) in any securities mentioned. For further details, please refer to the Barchart Disclosure Policy.

The expressed views and opinions are solely those of the author and do not necessarily align with those of Nasdaq, Inc.

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