Cotton Weaker at Wednesday’s Midday

Austin Schroeder Barchart Wed Oct 30, 12:07PM CDT
Rolls of cotton thread by Marina Ermakova via Unsplash

Cotton futures are facing weakness on Wednesday, with contracts down 48 to 61 points. The outside markets are supportive factors, with crude oil up $1.44/barrel and the US dollar index 316 points lower.

The Seam reported 1,355 bales of online sales on October 29 at an average price of 68.03 cents/lb. ICE cotton stocks were unchanged on Tuesday, leaving 174 bales of certified stocks. The Cotlook A Index was down another 25 points on October 29 at 82.30 cents/lb. The USDA Adjusted World Price (AWP) was back up 4 points to 59.28 cents/lb last Thursday. 

Mar 25 Cotton  is at 72.13, down 61 points,

May 25 Cotton  is at 73.8, down 48 points,

Jul 25 Cotton  is at 74.91, down 48 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.