Cotton Slip Lower on Wednesday

Austin Schroeder Barchart Wed Apr 30, 5:17PM CDT
Multicolored cotton fabric by Bruno via Pixabay

Cotton futures closed the Wednesday session with contracts backing off another 47 to 58 points. The outside markets were a pressure factor, with crude oil futures falling $2.23/barrel and the US dollar index up $0.417 to $99.435. 

The Tuesday online auction from The Seam showed sales of 854 bales at an average price of 65 cents/lb. The Cotlook A Index was down 115 points on Tuesday at 79 cents/lb. ICE cotton stocks were steady on April 29 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was up 145 points last Thursday to 54.88 cents/lb. 

May 25 Cotton  closed at 65.77, down 58 points,

Jul 25 Cotton  closed at 66.02, down 47 points,

Dec 25 Cotton  closed at 67.79, down 48 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.