Cotton Futures Show Positive Movement Ahead of Holiday Market Shutdown

Key Developments in Cotton and Crude Oil Markets

Cotton futures made gains during Friday’s trading session, with contracts increasing by 23 to 33 points. The March contract rose 148 points during the week. In contrast, crude oil futures fell by 75 cents per barrel for the day, while the US dollar index dropped by $0.531. The markets are scheduled to be closed on Monday for President’s Day, returning to normal trading on Tuesday.

The CFTC reported that speculators reduced their positions by 1,926 contracts, shifting away from their previous large net short in cotton futures and options as of February 11. Their net position now stands at -60,481 contracts as of Tuesday.

On February 12, the Cotlook A Index rose by 25 points to reach 79.10 cents per pound. The Seam recorded 4,022 bales of online sales on Thursday, with an average price of 64.73 cents per pound. Meanwhile, ICE cotton stocks remained stable on February 13, holding at 218 bales of certified stocks. The USDA increased the Adjusted World Price (AWP) by 81 points to 53.99 cents per pound on Thursday afternoon.

For cotton futures expiring in March 2025, the closing price was 67.11 cents, marking an increase of 28 points. The May 2025 contract closed at 68.31 cents, up 33 points, while the July 2025 contract ended at 69.11 cents, with a gain of 23 points.

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

More news from Barchart

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