Cotton Pushing Higher on Thursday Morning

Austin Schroeder Barchart Thu Dec 12, 7:33AM CST
Cotton on dry branch by Marianne Krohn via Unsplash

Cotton prices are showing 9 to 17 point gains on Thursday AM. Futures closed out the Wednesday session with contracts 18 to 67 points higher. The outside markets are mixed factors, with the US dollar index up 278 points and crude oil $1.77/barrel higher.

USDA raised their 24/25 US cotton carryout by 100,000 bales to 4.4 million bales on Tuesday thanks to a production increase.  

The Seam reported 2,850 bales of online sales on December 10 at an average price of 68.43 cents/lb. ICE cotton stocks 1,299 bales on Monday, at 19,231 bales of certified stocks. The Cotlook A Index was down 25 points on 12/10 at 80.10 cents/lb. The USDA Adjusted World Price (AWP) was raised by 21 points last week to 57.74 cents/lb. It will be updated on Thursday.

Mar 25 Cotton  closed at 70.15, up 67 points, currently up 17. points

May 25 Cotton  closed at 71.27, up 58 points, currently up 11 points

Jul 25 Cotton  closed at 72.25, up 50 points, currently up 9 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.