Cotton Futures Fall Amid Mixed Market Signals

On Wednesday, cotton futures faced a dip, with contracts declining between 10 and 64 points across various exchanges. The market saw some support from outside factors, notably with crude oil prices rising by $1.84 per barrel and a 186 point decrease in the US dollar index.

The Seam reported 1,355 bales sold online on October 29, averaging 68.03 cents per pound. Meanwhile, certified ICE cotton stocks remained steady at 174 bales as of Tuesday. The Cotlook A Index experienced a slight decline of 25 points on October 29, landing at 82.30 cents per pound. Last Thursday, the USDA Adjusted World Price (AWP) bounced back by 4 points to 59.28 cents per pound.

Recent Cotton Futures Close Lower

Mar 25 Cotton closed at 72.2, down 54 points.

May 25 Cotton settled at 73.85, down 43 points.

Jul 25 Cotton finished at 75.06, down 33 points.

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

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