Cotton Futures Slip Amid Pressure from Outside Markets

On Wednesday, cotton futures experienced a decline of 21 to 28 points across front months. The downturn can be attributed to pressure from outside markets, as crude oil futures decreased by $1.19 per barrel, while the US dollar index rose by 77 points.

Online Sales and Stock Data

On January 28, The Seam reported online sales of 2,998 bales, averaging 56.36 cents per pound. Additionally, ICE cotton stocks remained unchanged on Tuesday, totaling 218 bales in certified stocks. The Cotlook A Index fell by 25 points on January 28, settling at 78.30 cents per pound. Last Thursday, the USDA Adjusted World Price (AWP) decreased by 27 points from the previous week to 53.71 cents per pound.

Current Market Prices

Mar 25 Cotton is currently priced at 66.7, down 28 points.

May 25 Cotton stands at 67.89, down 22 points.

Jul 25 Cotton is at 69.04, down 21 points.

At the time of publication, Austin Schroeder did not hold any positions, directly or indirectly, in any of the securities mentioned in this article. All information and data are intended solely for informational purposes. For further details, please view the Barchart Disclosure Policy
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