Cotton Slipping Back Lower on Wednesday

Austin Schroeder Barchart Wed Apr 2, 12:25PM CDT
Multicolored cotton fabric by Bruno via Pixabay

Cotton futures are trading with 44 to 53 point losses so far on Wednesday. Crude oil futures are back up 47 cents/barrel, as the US dollar index is $0.429 lower so far on the day. 

The monthly NASS Cotton Systems report showed 257 RB of extra long stable cotton consumed during February, slightly behind January and well below last year. Stocks on hand were 386 RB.

The Seam showed 21,595 bales in online sales on Tuesday at an average price of 63.75 cents/lb. The Cotlook A Index was back down 5 points on April 1at 78.85 cents/lb. ICE cotton stocks were unchanged on 4/1, with the current level of certified stocks at 14,488 bales. USDA’s Adjusted World Price (AWP) was back down 97 points in on Thursday afternoon report to 53.66 cents/lb. 

May 25 Cotton  is at 67.8, down 45 points,

Jul 25 Cotton  is at 68.65, down 53 points,

Dec 25 Cotton  is at 70.37, down 44 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.