Cotton futures are down 37 to 40 points in the front months at midday.  The outside markets are pressure factors, as crude oil futures are down 51 cents/barrel on the day, with the US dollar index up 144 points on the day.

Weekly Export Sales data showed a total of 280,010 RB in cotton sales in the week ending on January 23. That took the MY total for commitments to 8.697 million RB, which is 85% of the USDA export forecast compared to the average sales pace of 86%.

The Seam reported 1,969 bales of online sales on January 30 at an average price of 59.94 cents/lb. ICE cotton stocks were unchanged on Thursday, at 218 bales of certified stocks. The Cotlook A Index was down another 25 points on 1/30 at 77.80 cents/lb. The USDA Adjusted World Price (AWP) was back up 31 points from the previous week on Thursday afternoon at 54.02 cents/lb. 

Mar 25 Cotton  is at 65.9, down 37 points,

May 25 Cotton  is at 67.14, down 40 points,

Jul 25 Cotton  is at 68.35, down 39 points

On the date of publication,

Austin Schroeder

did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy

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