Cotton Futures Rise While Crude Oil Prices Decline

Cotton futures displayed significant gains on Tuesday, with contracts showing an increase of 80 to 128 points by midday. In contrast, crude oil futures declined by 21 cents per barrel, coinciding with a drop of $0.053 in the US dollar index.

Market Overview and Pricing

On March 31, The Seam reported 1,533 bales in online sales at an average price of 63.47 cents per pound. The Cotlook A Index experienced a decrease of 25 points on Friday, settling at 78.90 cents per pound. As of March 28, ICE cotton stocks remained unchanged with certified stocks currently at 14,488 bales. Additionally, USDA’s Adjusted World Price (AWP) decreased by 97 points on Thursday afternoon, bringing it to 53.66 cents per pound, according to the report.

Cotton Futures Snapshot

May 25 Cotton is at 68.11 cents, reflecting an increase of 128 points.

Jul 25 Cotton is at 69.05 cents, up 106 points.

Dec 25 Cotton stands at 70.73 cents, with an increase of 81 points.

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