Cotton Futures Dip Amid Mixed Commodity Market Movements

Cotton futures experienced slight losses today, ranging from 6 to 34 points as of midday Wednesday. Crude oil prices also declined, with a decrease of $0.19 per barrel. The US dollar index dropped by $0.051, settling at 100.775.

Latest Market Data

The online auction held on Monday by The Seam revealed sales of 1,415 bales, with an average price of 68.86 cents per pound. On Tuesday, the Cotlook A Index remained stable at 78.25. Additionally, ICE cotton stocks saw an increase of 5,860 bales as of May 13, bringing the certified stocks level to 33,100 bales. The USDA’s Adjusted World Price (AWP) decreased by 13 points last Thursday, now standing at 54.81 cents per pound.

Cotton Futures Prices

At midday, the following cotton futures prices were observed:

• Jul 25 Cotton: 65.94, down 34 points
• Oct 25 Cotton: 68.83, down 6 points
• Dec 25 Cotton: 68.58, down 19 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 are solely for informational purposes. For further details, please view the Barchart Disclosure Policy here.

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