Cotton Posting Modest Gains

Cotton futures are trading with modest gains of 10 to 21 points across most contracts on Friday. Crude oil is up $2.69 per barrel on the session, with the US dollar index $0.090 lower.

USDA’s Export Sales report showed 146,892 RB of cotton sales in the week ending in October 8, which was down 11.12% from last week. Sales for 2027/28 were 7,182 RB. Shipments were tallied at 140,561 RB, which was back down 13.11% from last week and a 0.94% increase from the same week last year.

The Seam reported 404 bales sold on October 15, at an average of 73.56 cents/lb. The Cotlook A index was raised by 20 points on Thursday at 91.45. ICE certified cotton stocks were down 2,627 on 10/15, with the certified stocks level at 15,129 bales. The Adjusted World Price was back up 80 points on Thursday to 64.61 cents/lb.

Dec 26 Cotton  is at 80.27, up 21 points,

Mar 27 Cotton  is at 83.53, up 11 points,

May 27 Cotton  is at 85.22, up 10 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.