Cotton Showing Mixed Trade on Wednesday

Austin Schroeder Barchart Wed Jan 22, 12:16PM CST
Cotton grass by Christiane via Pixabay

Cotton futures are trading with 10 to 12 point losses in the nearbys on the Wednesday session with deferred contracts slightly higher. The outside markets are mixed factors, as the US dollar index is up 159, with crude oil 5 cents/barrel higher.

Late on Tuesday, President Trump followed the Mexico and Canada tariff threat with a February 1 start date for potential 10% tariffs on China.

The Seam reported 17,636 bales of online sales on January 21 at an average price of 62.28 cents/lb. ICE cotton stocks were unchanged on Monday, at 218 bales of certified stocks. The Cotlook A Index was unchanged on 1/21 at 78.05 cents/lb. The USDA Adjusted World Price (AWP) was back down 68 points from the previous week on Thursday afternoon at 53.98 cents/lb.

Mar 25 Cotton  is at 67.56, down 10 points,

May 25 Cotton  is at 68.66, down 12 points,

Jul 25 Cotton  is at 69.71, down 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.