Cotton Retreat Lower on Wednesday

Cotton futures closed out the Wednesday session with contracts 52 to 66 in the red, as futures reverted lower from the USDA led rally on Tuesday. The US dollar index was back down $0.302 to $97.625, as crude oil futures were down another 45 cents.

The Seam reported 1,066 bales sold on the Tuesday online auction at an average price of 60.98 cents/lb. The Cotlook A Index was back up 20 points at 78.20 cents on August 12. ICE cotton stocks were steady on 8/11, with the certified stocks level at 18,242 bales. USDA’s Adjusted World Price (AWP) was down 13 points on last week at 54.39 cents/lb. It will be updated on ThursdayDon’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

Oct 25 Cotton closed at 66.41, down 66 points,

Dec 25 Cotton closed at 67.73, down 66 points,

Mar 26 Cotton closed at 69.32, down 52 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.

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