Cotton Futures See Mixed Activity Amid Fluctuating Commodities Market

Cotton futures are currently trading 2 to 4 cents higher in the front months. However, the thinner-traded October contracts are down 40 cents. Meanwhile, crude oil prices have dipped 6 cents at midday despite a stronger overnight performance. The US dollar index also fell by $0.622, settling at 99.355.

Cotton Market Updates

The Seam reported that 243 bales were sold on May 20, with an average price of 60.84 cents per bale. The Cotlook A Index increased by 85 points on Tuesday, reaching 77.60. Additionally, ICE cotton stocks saw an uptick of 3,430 bales due to new certifications on May 20, bringing the certified stocks level to 39,796 bales. The USDA’s Adjusted World Price (AWP) decreased by 91 points last week, now at 53.90 cents per pound, and it is set to be updated on Thursday.

Current Cotton Futures Prices

Jul 25 Cotton is trading at 66.15, up 3 points.

Oct 25 Cotton is at 68.22, down 40 points.

Dec 25 Cotton is at 68.76, up 2 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 more details, please view the Barchart Disclosure Policy here.

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