Cotton Futures Show Mild Recovery Amid Market Pressures

Cotton futures rebounded slightly from their early Monday drops, with midday losses held to 45 to 49 points. This moderate recovery occurs in a market facing external pressures, as crude oil prices have stabilized and the US dollar index has risen by 667 points.

Market Highlights from November 29

On November 29, The Seam reported a total of 1,566 bales sold online, with an average selling price of 65.84 cents per pound. ICE cotton stocks remain unchanged for another week at 13,274 bales. Additionally, the Cotlook A Index held steady at 82.00 cents per pound on 11/29. The USDA adjusted the world price (AWP), raising it by 162 points to 57.53 cents per pound last week.

Current Cotton Prices

Mar 25 Cotton is trading at 71.44, a decrease of 49 points,

May 25 Cotton is at 72.53, down 45 points,

Jul 25 Cotton is at 73.47, a drop of 46 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 visit the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.