Cotton Futures Edge Slightly Lower Amid Mixed Market Trends

Cotton futures experienced minor declines on Wednesday, with contracts falling by 3 to 5 points. However, the October contract saw a slight increase of 3 points. Crude oil prices dipped by 70 cents due to an increase in inventories, despite a strong market start overnight. In currency markets, the US dollar index dropped by $0.502, settling at 99.475.

Cotton Market Data

The Seam reported the sale of 243 bales on May 20 at an average price of 60.84 cents. The Cotlook A Index rose by 85 points on Tuesday, reaching 77.60. Additionally, ICE cotton stocks increased by 3,430 bales due to new certifications on May 20, bringing certified stocks to a total of 39,796 bales. The USDA’s Adjusted World Price (AWP) decreased by 91 points last week, now at 53.90 cents per pound, with an update scheduled for Thursday.

Cotton Futures Closing Prices

Jul 25 Cotton closed at 66.07, down 5 points.

Oct 25 Cotton closed at 68.65, up 3 points.

Dec 25 Cotton closed at 68.71, down 3 points.

On the date of publication, Austin Schroeder did not hold any positions, either directly or indirectly, in the securities mentioned in this article. All information and data provided are for informational purposes only. For more details, please review the Barchart Disclosure Policy.
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