Cotton Pushing Higher on Wednesday

Austin Schroeder Barchart Wed Jan 15, 12:09PM CST
Cotton via Jeff Hutcheson via Unsplash

Cotton futures are trading with Wednesday midday gains of 7 to 19 points.  The outside factors are supportive, as the US dollar index is down 125 points, with crude oil $1.92/barrel higher. 

The Seam reported 5,283 bales of online sales on January 14 at an average price of 60.86 cents/lb.  ICE cotton stocks were down 19,895 bales on decertification on Tuesday, at 218 bales of certified stocks. The Cotlook A Index was back up 55 points on 1/14 at 78.00 cents/lb. The USDA Adjusted World Price (AWP) was back down 37 points from the previous week last Thursday at 54.66 cents/lb.

Mar 25 Cotton  is at 67.69, up 19 points,

May 25 Cotton  is at 68.82, up 12 points,

Jul 25 Cotton  is at 69.79, up 7 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.