Cotton Futures Show Mixed Performance Amid External Market Pressures

Cotton futures rose 41 to 85 points on Wednesday, despite facing external market pressures. Crude oil futures dropped by $2.27 per barrel, while the US dollar index saw an increase of $0.182, reaching 99.200.

Auction Results and Stock Levels

On Tuesday, an online auction conducted by The Seam reported the sale of 854 bales, with an average price of 65 cents per pound. In related market activity, the Cotlook A Index decreased by 115 points on Tuesday, settling at 79 cents per pound. As of April 29, ICE cotton stocks remained unchanged, with a certified stocks level of 14,478 bales. Additionally, the USDA’s Adjusted World Price (AWP) rose by 145 points last Thursday, bringing it to 54.88 cents per pound.

Current Market Prices

The current prices for different cotton futures are as follows:

• May 25 Cotton: 65.5, down 85 points
• July 25 Cotton: 66.08, down 41 points
• December 25 Cotton: 67.79, down 48 points

On the date of publication, Austin Schroeder had no direct or indirect positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. For more information, please view the Barchart Disclosure Policy
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