Cotton Futures Experience Decline Amid Mixed Market Conditions

Market Wrap-Up from Tuesday’s Session

Cotton futures concluded Tuesday’s trading with contracts showing a decrease of 14 to 21 points in most nearby contracts. The US dollar index dropped by 792 points, while crude oil prices fell by $0.69 per barrel, contributing to the mixed market environment.

Sales and Stock Reports

On January 11, The Seam reported 11,823 bales sold online at an average price of 51.92 cents per pound. Meanwhile, ICE cotton stocks remained steady on Monday, with certified stocks reported at 20,113 bales. The Cotlook A Index decreased by 150 points on January 13, reaching 77.45 cents per pound. Additionally, the USDA Adjusted World Price (AWP) fell by 37 points from the previous week, landing at 54.66 cents per pound last Thursday.

Cotton Contract Prices

Mar 25 Cotton closed at 67.5, a decrease of 14 points.

May 25 Cotton settled at 68.7, down 17 points.

Jul 25 Cotton finished at 69.72, with a drop of 21 points.

On the date of publication,
Austin Schroeder
had no positions in any mentioned securities. All information is provided for informational purposes only. For additional details, please view the Barchart Disclosure Policy
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.