Cotton Heads Lower on Wednesday

Austin Schroeder Barchart Wed Oct 30, 4:57PM CDT
Cotton via Jeff Hutcheson via Unsplash

Cotton futures were met with weakness on Wednesday, with contracts down 10 to 64 points across most contracts. The outside markets were supportive factors, with crude oil up $1.84/barrel and the US dollar index 186 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  closed at 72.2, down 54 points,

May 25 Cotton  closed at 73.85, down 43 points,

Jul 25 Cotton  closed at 75.06, down 33 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.