Cotton Sneaks Higher Heading into Thanksgiving

Austin Schroeder Barchart Wed Nov 27, 5:35PM CST
Cotton yarn via Kelly Sikkema via Unsplash

Cotton futures are showing 10 to 12 points gains in the nearbys on Wednesday. The outside markets are mixed, with crude oil back down 5 cents/barrel. The US dollar index is providing support with a 928 point loss on the day. 

The Seam reported 4,242 bales of online sales on November 26 at an average price of 68.68 cents/lb. ICE cotton stocks were unchanged again on Tuesday, at 13,274 bales of certified stocks. The Cotlook A Index was up 100 points on 11/26 at 82.10 cents/lb. The USDA Adjusted World Price (AWP) was lowered by 229 points last Thursday afternoon to 55.91 cents/lb. It will be updated on Friday due to the holiday.

Mar 25 Cotton  closed at 71.75, up 7 points,

May 25 Cotton  closed at 72.84, up 5 points,

Jul 25 Cotton  closed at 73.83, up 6 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.