Cotton Futures Rally Despite Mixed Market Signals

Cotton futures received a boost towards the end of trading, closing with increases of 7 to 16 points in nearby contracts. Market dynamics were influenced by external pressures: crude oil futures dropped by 20 cents per barrel, while the US dollar index rose by 83 points.

December Cotton Consumption and Stock Levels

The Cotton Systems report released this afternoon showed that 216 RB (running bales) of cotton were consumed domestically in December. The report also noted that total stocks stood at 989 RB.

Online Sales and Price Trends

The Seam reported 1,380 bales were sold online on January 31, averaging a price of 60.10 cents per pound. Meanwhile, ICE cotton stocks remained steady on Friday, with 218 bales of certified stocks available. The Cotlook A Index saw a decline of 50 points on January 31, settling at 77.30 cents per pound. Additionally, last Thursday, the USDA Adjusted World Price (AWP) increased by 31 points from the prior week, now at 54.02 cents per pound.

Cotton Pricing Overview

Mar 25 Cotton closed at 66.04 cents, up 16 points.

May 25 Cotton closed at 67.11 cents, up 7 points.

Jul 25 Cotton closed at 68.22 cents, down 1 point.

On the date of publication,

Austin Schroeder

did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All information and data in this article are provided solely for informational purposes. For more details, please refer to the Barchart Disclosure Policy
here.

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