Cotton Futures Decline Amidst Mixed Market Factors
On Tuesday, cotton futures experienced a downturn towards the close, with contracts falling between 10 and 17 points across the nearby months. External influences were varied: the US dollar index rose by 424 points, while crude oil prices increased by $0.86 per barrel.
Export Growth Shows Promising Signs
In terms of exports, November saw a total of 658,655 bales of cotton shipped (excluding linters). This figure represented a significant increase of 14.92% compared to October and an 18.07% rise compared to the same month last year.
Market Activity and Pricing Update
The Seam reported online sales on January 6, totaling 14,720 bales at an average price of 61.67 cents per pound. On the same day, ICE cotton stocks remained stable at 20,113 bales of certified stocks. Additionally, the Cotlook A Index dropped by 100 points to 78.05 cents per pound on January 6, while the USDA Adjusted World Price (AWP) rose by 48 points from the previous week to reach 55.03 cents per pound.
Futures Market Closing Prices
The closing prices for cotton futures on January 6 were as follows:
- Mar ’25 Cotton: 68.51, down 17 points
- May ’25 Cotton: 69.68, down 14 points
- Jul ’25 Cotton: 70.75, down 10 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.
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