Cotton Fading Back Lower on Wednesday Morning

Austin Schroeder Barchart Wed Jan 22, 7:40AM CST
Cotton yarn via Kelly Sikkema via Unsplash

Cotton prices are trading with losses of 40 to 50 points so far on early Wednesday trade. Futures closed out the Tuesday session with contracts up 7 to 55 points across the board. The outside markets were mixed factors, as the US dollar index was down 1.443, with crude oil $1.50/barrel lower. 

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 66 bales of online sales on January 20 at an average price of 51.52 cents/lb. ICE cotton stocks were unchanged on Monday, at 218 bales of certified stocks. The Cotlook A Index was back up 80 points on 1/20 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  closed at 67.66, up 6 points, currently 49 points

May 25 Cotton  closed at 68.78, up 15 points, currently 48 points

Jul 25 Cotton  closed at 69.81, up 19 points, currently 40 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.