Cotton Sneaking Higher at Midday

Austin Schroeder Barchart Wed May 21, 12:19PM CDT
Green cotton boll via shutterstock

Cotton futures are trading with contracts 2 to 4 cents higher in the front months, and thinly traded October down 40 cents.  Crude oil prices are back down 6 cents at midday despite a stronger start overnight, with the US dollar index down another $0.622 to $99.355.

The Seam reported 243 bales sold on 5/20 at an average price of 60.84 cents. The Cotlook A Index was back up 85 points on Tuesday at 77.60. ICE cotton stocks were up 3,430bales via new certifications on May 20, with a certified stocks level of 39,796 bales. USDA’s Adjusted World Price (AWP) was back down 91 points last week to 53.90 cents/lb. It will be updated on Thursday.

Jul 25 Cotton  is at 66.15, up 3 points,

Oct 25 Cotton  is at 68.22, down 40 points,

Dec 25 Cotton  is at 68.76, up 2 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.