Cotton prices are trading with 24 to 34 point loss so far on Thursday. Futures were down 29 to 32 points in the front months on Wednesday. The outside markets were pressure factors, as crude oil futures were down 76 cents/barrel on the day, with the US dollar index up 97 points.
The Seam reported 2,998 bales of online sales on January 28 at an average price of 56.36 cents/lb. ICE cotton stocks were unchanged on Tuesday, at 218 bales of certified stocks. The Cotlook A Index was down 25 points on 1/28 at 78.30 cents/lb. The USDA Adjusted World Price (AWP) was down another 27 points from the previous week last Thursday afternoon at 53.71 cents/lb.
Mar 25 Cotton closed at 66.66, down 32 points, currently down 34 points
May 25 Cotton closed at 67.8, down 31 points, currently down 26 points
Jul 25 Cotton closed at 68.96, down 29 points, currently down 24 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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