Cotton Futures Rise Amid Mixed Market Signals

Cotton futures are retaining their gains, with midday contracts showing an increase of 46 to 72 points. In the broader market, the outside indicators are mixed; crude oil futures have risen by $1.44 per barrel, while the US dollar index has climbed by $0.197.

During Monday’s online auction on The Seam, 5,072 bales were sold at an average price of 63.56 cents per pound. The Cotlook A Index also rose by 25 points to reach 77.95 cents per pound on March 11. As of Tuesday, March 11, ICE cotton stocks remained stable, with certified stocks at 14,488 bales. In a significant adjustment, the USDA decreased its Adjusted World Price (AWP) last Thursday by 201 points, bringing it down to 51.88 cents per pound; this figure will be updated again this Thursday.

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May 25 Cotton: 66.72, up 72 points

Jul 25 Cotton: 67.9, up 71 points

Oct 25 Cotton: 69.66, up 46 points

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

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