Cotton Back to Weaker Trade on Thursday

Cotton price action is down 20 to 25 points across most contracts on Thursday morning. Futures saw mixed trade on Wednesday, with contracts down 2 to 3 cents higher at the close. Crude oil futures were down 96 cents/barrel to $59.60 in the day, with the US dollar index down $0.065 to $100.005.

The Tuesday online auction from The Seam showed 729 bales sold with an average price of 65.95 cents/lb. The Cotlook A Index was up 25 points on 11/4 at 77.10 cents. ICE certified cotton stocks were steady on November 4 with the certified stocks level at 13,749 bales. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

Dec 25 Cotton closed at 65.23, up 3 points, currently down 24 cents

Mar 26 Cotton closed at 66.4, down 2 points, currently down 23 cents

May 26 Cotton closed at 67.57, unch, currently down 24 cents

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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