Cotton Rallying on Friday Morning

Cotton prices are trading with 79 to 91 point gains so far on Friday AM. Futures were down 22 to 50 points across most contracts on Thursday. The outside markets are a pressure factor, with crude oil down $0.35/barrel and the US dollar index 190 points higher.

The Seam reported 2,657 bales of online sales on October 16 at an average price of 69.08 cents/lb. ICE cotton stocks were unchanged on Tuesday, leaving 174 bales of certified stocks. The Cotlook A Index was down 50 points on October 16 at 82.30 cents/lb. The USDA Adjusted World Price (AWP) was trimmed by another 117 points last week to 59.24 cents/lb. 

Mar 25 Cotton  closed at 72.85, down 49 points, currently up 91 points

May 25 Cotton  closed at 74.31, down 48 points, currently up 86 points

Jul 25 Cotton  closed at 75.26, down 44 points, currently up 86 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.