Cotton Mixed on Friday Morning


Cotton prices are showing mixed action this morning, with front months down 12 to 50 points and new crop up 6 to 11. Futures reverted to weakness during the day session, despite earlier overnight gains. Contracts were down 7 to 74 points on the day. Outside factors are offsetting, with crude oil up 79 cents and over $81/barrel, as the US dollar index was up 439 points.

Export Sales data will be released in a few minutes.  The market remains concerned about the shipping pace, with USDA cutting back their full year export number last week. 

The ICE certified cotton stocks were down 876 bales on June 18 at 136,187 bales. There were 1,687 decerts, with 811 new certs and 4,442 bales awaiting review. The Cotlook A Index was up 100 points on June 19 at 82.70 cents/lb. The USDA Average World Price (AWP) was down 81 points to 57.32 cents per pound last week. USDA will update the number this afternoon.  

Jul 24 Cotton  closed at 70.85, down 18 points, currently down 50 points

Dec 24 Cotton  closed at 72.62, down 14 points, currently up 11 points

Mar 25 Cotton  closed at 73.96, down 9 points, currently up 9 points

On the date of publication, Alan Brugler 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.