Cotton Futures Decline Amid Mixed Market Signals

On Monday, cotton futures experienced a dip, with contracts falling between 10 and 31 points. The outside markets presented a blend of influences, highlighted by a decrease of 124 points in the US dollar index and a drop of 65 cents per barrel in crude oil prices.

Market Activity and Data Updates

According to The Seam, there were 5,661 bales of online cotton sales reported on December 13, with an average price of 63.45 cents per pound. ICE cotton stocks remained steady as of Friday, holding at 20,113 bales of certified stocks. The Cotlook A Index also held firm on December 13, unchanged at 80.25 cents per pound. However, the USDA Adjusted World Price (AWP) took a hit, down by 152 points on Thursday to settle at 56.22 cents per pound.

Specific Contract Prices

Mar 25 Cotton closed at 69.06, down 21 points.

May 25 Cotton closed at 70.22, down 19 points.

Jul 25 Cotton closed at 71.27, down 14 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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