Cotton Futures Exhibit Mixed Results Amid Fluctuating Markets
In Thursday’s trading session, cotton futures showed varied outcomes, with prices ranging from a rise of 9 points to a decline of 8 points. Outside influences remained mixed; notably, the US dollar index fell by 143 points, while crude oil prices dropped by $0.46 per barrel.
The Seam reported 441 bales of online sales on December 24, averaging 58.80 cents per pound. Meanwhile, the certified stocks at ICE remained steady on Tuesday, totaling 20,113 bales. The Cotlook A Index increased by 130 points on December 24, reaching 79.60 cents per pound. However, the USDA Adjusted World Price (AWP) decreased by 54 points this week, now standing at 54.55 cents per pound, valid through next Thursday.
On the futures market:
- Mar 25 Cotton closed at 68.75 cents, down 3 points.
- May 25 Cotton closed at 69.86 cents, down 2 points.
- Jul 25 Cotton closed at 70.88 cents, up 3 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 here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
