Cotton Sneaking Higher Ahead of Holiday Break

Austin Schroeder Barchart Wed Nov 27, 7:29AM CST
Cotton on dry branch by Marianne Krohn via Unsplash

Cotton prices are up 13 to 21 points so far on Wednesday. Futures were mixed at the Tuesday close, with contracts up 17 to down 21 points across the board. The outside markets closed with little impact, as the US dollar index was up 65 points and crude oil futures up 3 cents/barrel. The market will be closed on Thursday in observance of Thanksgiving.

The last NASS Crop Progress report of the year showed the US cotton harvest at 84% complete, above the 80% average pace via the 5-year average.

The Seam reported 10,173 bales of online sales on November 25 at an average price of 69.11 cents/lb. ICE cotton stocks were unchanged again on Monday, at 13,274 bales of certified stocks. The Cotlook A Index was up 15 points on 11/25 at 81.10 cents/lb. The USDA Adjusted World Price (AWP) was lowered by 229 points last Thursday afternoon to 55.91 cents/lb. 

Mar 25 Cotton  closed at 71.68, down 4 points, currently up 21 points

May 25 Cotton  closed at 72.79, up 7 points, currently up 19 points

Jul 25 Cotton  closed at 73.77, up 9 points, currently up 13 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.