Cotton Popping Higher on Friday Morning

Cotton price action is up 22 to 36 points so far on Friday morning. Futures were under pressure late, despite supportive outside markets, as contracts were down 24 to 60 points. Crude oil was up $2.46 per barrel on the session, with the US dollar index $0.562 lower.

The Seam reported 3,109 bales sold on Wednesday, at an average of 76.59 cents/lb. The Cotlook A index was steady on 10/14 at 91.25. ICE certified cotton stocks were steady on October 14, with the certified stocks level at 17,756 bales. The Adjusted World Price was back up 80 points on Thursday afternoon to 64.61 cents/lb.

Dec 26 Cotton  closed at 80.06, down 60 points, currently up 34 points

Mar 27 Cotton  closed at 83.42, down 58 points, currently up 33 points

May 27 Cotton  closed at 85.12, down 57 points, currently up 27 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.