Cotton Futures Surge Midweek as Crude Oil and Dollar Strengthen

Cotton futures experienced a significant midweek rally, with closing contracts showing gains between 40 and 54 points. The surge coincided with a rise in crude oil futures, which increased by $0.94 per barrel. Additionally, the US dollar index saw a boost, climbing $0.369 on the day.

On Tuesday, The Seam reported 2,569 bales in online sales at an average price of 57.80 cents per pound. As of March 25, the Cotlook A Index rose by 25 points, reaching 77.75 cents per pound. Meanwhile, ICE cotton stocks remained steady, with 14,488 bales certified as of March 25. The USDA’s Adjusted World Price (AWP) increased by 87 points last Thursday, landing at 54.63 cents per pound.

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May 25 Cotton closed at 65.68, up 54 points.

Jul 25 Cotton concluded at 67.22, up 47 points.

Dec 25 Cotton finished at 69.29, rising 49 points.

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