Cotton price action is up 12 to 34 points so far on Tuesday AM trade. Futures posted 22 to 79 points across most contracts on Monday, with the front months leading the charge. The US dollar index was $0.025 lower at $99.830. Crude Oil was up $1.06 at $112.60.
Crop Progress data was released this morning, showing 5% of the US cotton crop planted by Sunday. That matched the 5-year average and was 1% ahead of the same date last year.
The Seam showed 651 bales sold on Thursday at an average of 63.37 cents/lb. The Cotlook A Index was back up 75 points on 4/2 at 81.50 cents. ICE certified cotton stocks were down 1,424 bales on decertification on April 2, with the certified stocks level at 113,241 bales. The Adjusted World Price was raised by 252 points on Thursday afternoon to 56.99 cents/lb.
May 26 Cotton closed at 71.67, up 75 points, currently up 34 points
Jul 26 Cotton closed at 73.84, up 79 points, currently up 32 points
Dec 26 Cotton closed at 75.75, up 77 points, currently up 18 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.
