Cotton Bulls Pushing Back on Turnaround Tuesday

Austin Schroeder Barchart Tue Apr 15, 12:16PM CDT
Cotton field with drones by DJI-Agras via Pixabay

Cotton futures are bouncing on Turnaround Tuesday, with contracts up 65 to 91 points so far. Crude oil futures are down 22 cents/barrel. The US dollar index is back up $0.533 at midday to $99.930.

Weekly Crop Progress data showed the US cotton crop at 5% planted, which is behind the 3% average pace at 8%.

The Seam reported just 863 cash bales sold on 4/14, at an average price of 58.60 cents/lb. The Cotlook A Index was down 20 points on Monday at 78.10 cents/lb. ICE cotton stocks were steady on April 14 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was back down 212 points last week to 53.10 cents/lb. 

May 25 Cotton  is at 65, up 91 points,

Jul 25 Cotton  is at 66.17, up 82 points,

Dec 25 Cotton  is at 67.59, up 65 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.