Cotton Futures Dip Amid Economic Shifts

As trading continues on Monday, cotton futures have seen declines ranging from 23 to 29 points. Factors influencing the market exhibit mixed signals, with the US dollar index rising by 193 points and crude oil increasing by $0.67 per barrel.

Market Data Highlights

According to The Seam, there were 4,206 bales sold online on December 27, averaging a price of 61.99 cents per pound. Additionally, ICE cotton stocks remained stable as of Friday, with 20,113 bales of certified stocks reported. On December 27, the Cotlook A Index fell by 30 points, bringing it to 79.30 cents per pound. The USDA’s Adjusted World Price (AWP) saw a reduction of 54 points last week, now standing at 54.55 cents per pound and valid through this Thursday.

Current Cotton Futures Prices

Mar 25 Cotton is priced at 68.65, down 24 points.

May 25 Cotton is at 69.73, reflecting a decrease of 23 points.

Jul 25 Cotton is listed at 70.7, down 29 points.

On the date 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 serve strictly for informational purposes. For more details, please view 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.