Cotton prices increased significantly on Wednesday morning, with futures rising by 21 to 54 points across front months. The December 2024 Cotton contract closed at 68.21 cents per pound, up 52 points, while March and May 2025 contracts closed at 69.84 and 71.13 cents, respectively.
The National Agricultural Statistics Service (NASS) reported a 4% decline in crop condition ratings, down to 40% in good to excellent categories. Ratings in Texas decreased by 17 points, while Georgia saw a 6-point drop. The Brugler500 index fell 9 points to 306.
On September 9, ICE cotton stocks remained unchanged at 265 bales. The Cotlook A Index decreased by 140 points to 79.40 cents per pound, while the USDA Adjusted World Price was raised by 29 points to 57.27 cents per pound. The dollar index rose by 122 points, and crude oil futures dropped by $2.39 per barrel.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
