Cotton Futures Show Positive Movement Amidst Market Shifts

Cotton futures are experiencing gains of 63 to 106 points as of midday Friday. Crude oil futures have also risen by $0.70 per barrel, supporting the market. Meanwhile, the US dollar index has decreased by $0.120 for the day.

Current US Cotton Export Commitments and Auction Results

Total export sale commitments for US cotton stand at 10.124 million running bales (RB), reflecting a 5% decline compared to last year. This figure represents 98% of the USDA’s export forecast and exceeds the average sale pace of 1% for the current week.

In recent auction news, Thursday’s online sale from The Seam recorded 5,722 bales sold at an average price of 66.35 cents per pound. The Cotlook A Index saw a rise of 100 points on March 13, reaching 78.85 cents per pound. ICE cotton stocks remained steady on the same date, with certified stocks currently at 14,488 bales. The USDA raised this week’s Adjusted World Price (AWP) by 188 points on Thursday afternoon, now set at 53.76 cents per pound.

Current Cotton Futures Prices

May 25 Cotton is trading at 67.57, gaining 104 points.

Jul 25 Cotton is priced at 68.76, up 106 points.

Oct 25 Cotton is at 70.2, marking an increase of 63 points.

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

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