Cotton Posts Gains on Wednesday

Austin Schroeder Barchart Wed Oct 23, 4:58PM CDT
Cotton plant closeup by Esin Deniz via iStock

Cotton futures closed out the Wednesday session with contracts up 15 to 52 points. The outside markets were adding pressure, with crude oil down 79 cents/barrel and the US dollar index 356 points higher.

The Seam reported 1,134 bales of online sales on October 22 at an average price of 70.74 cents/lb. ICE cotton stocks were unchanged on Tuesday, leaving 174 bales of certified stocks. The Cotlook A Index was up 120 points on October 22 at 83.80 cents/lb. The USDA Adjusted World Price (AWP) was trimmed by another 117 points to 59.24 cents/lb. It will be updated on Thursday.

Mar 25 Cotton  closed at 74.53, up 49 points,

May 25 Cotton  closed at 75.86, up 45 points,

Jul 25 Cotton  closed at 76.78, up 41 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.