Cotton Futures Dip After Monday’s Gains Amid Mixed Market Conditions

Market Overview and Trading Schedule Ahead of Holiday

Cotton futures are experiencing a pullback after Monday’s positive trend, showing losses of 36 to 50 points by midday Tuesday. The surrounding markets present a blend of influences, with the US dollar index increasing by 203 points and crude oil prices rising by $1.13 per barrel.

Trading will pause on Wednesday in observance of Christmas, with an early close scheduled for today. The ICE market is set to resume at 6:30 AM CDT on Thursday.

Online Sales and Notable Price Data

According to The Seam, 16,232 bales were sold online on December 23, with an average selling price of 61.50 cents per pound. As of Monday, ICE cotton stocks remained at 20,113 bales of certified stocks. The Cotlook A Index increased by 15 points on December 23, landing at 78.30 cents per pound. Additionally, the USDA Adjusted World Price (AWP) saw a decline of 113 points last week, now standing at 55.09 cents per pound. This price will remain in effect until Thursday.

Current Cotton Prices

March 25 Cotton is priced at 68.92, down 50 points.

May 25 Cotton is priced at 70.03, down 44 points.

July 25 Cotton is at 71.00, down 36 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.