Cotton Futures Decline Amid Market Shifts and Legal Rulings

Cotton futures closed lower on Thursday, with contracts dropping between 34 and 52 points. Crude oil prices fell by $0.97, while the US dollar index decreased by $0.505 to $99.260.

Following a federal trade court ruling that deemed President Trump’s tariffs illegal, an appeals court temporarily stayed this ruling.

The Seam’s online sale on Wednesday reported the sale of 440 bales at an average price of 66.35 cents per pound. The Cotlook A Index dropped 30 points to 77.95 as of May 28. ICE cotton stocks decreased by 4,654 bales due to decertification, resulting in a certified stocks total of 41,863 bales. USDA’s Adjusted World Price (AWP) fell by 38 points last Thursday to 53.52 cents per pound, with no new update from USDA on Thursday.

Jul 25 Cotton closed at 64.84, down 49 points.

Oct 25 Cotton closed at 67.24, down 52 points.

Dec 25 Cotton closed at 67.76, down 34 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.

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