Cotton Prices Rise Despite Mixed Market Influences on Monday

Cotton prices wrapped up the trading session on Monday with contracts increasing by 20 to 26 points. Market conditions showed a mixed bag of influences, as crude oil futures dipped $1.35 per barrel. Additionally, the US dollar index fell to $1.078 on the day.

Cotton Consumption and Stock Levels

The Cotton Systems report released on Monday revealed that 259 RB of cotton was consumed in January, with January 31 stock levels recorded at 601 RB.

Market Performance Overview

On February 28, The Seam reported 710 bales in online sales, with an average price of 47.89 cents per pound. The Cotlook A Index also saw a decrease of 25 points, closing at 77.25 cents per pound. Meanwhile, ICE cotton stocks remained stable, with 12,653 bales currently certified. Notably, the USDA adjusted the world price (AWP) downward by 78 points to 53.89 cents per pound last Thursday.

Cotton Futures Performance

Mar 25 Cotton concluded at 64.14, rising by 26 points.

May 25 Cotton ended at 65.51, also up by 26 points.

Jul 25 Cotton saw a closing price of 66.62, an increase of 23 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 solely for informational purposes. For more details, please view the Barchart Disclosure Policy here.

For more news, visit Barchart.

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