Cotton Slipping Lower on Thursday AM Trade

Austin Schroeder Barchart Thu Jan 23, 7:33AM CST
Closeup of cotton plant via bobbycrim via Pixabay

Cotton prices are trading with Thursday morning losses of 5 to 11 points. Futures posted weaker trade on Wednesday, with contracts down 44 to 52 points in the nearbys.  The outside markets were pressure factors, as the US dollar index is up 174, with crude oil 43 cents/barrel lower. 

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. It will be updated later today. 

Mar 25 Cotton  closed at 67.14, down 52 points, currently down 6 points

May 25 Cotton  closed at 68.28, down 50 points, currently down 7 points

Jul 25 Cotton  closed at 69.37, down 44 points, currently down 8 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.