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Cotton Bouncing Back on Wednesday![]() Cotton futures are showing midday gains of 27 to 72 points on Wednesday. Crude oil futures are up $1.07/barrel at midday, with the US dollar index back down $0.717 to $99.245. The Seam reported 4,340 cash bales sold on 4/15, at an average price of 64.27 cents/lb. The Cotlook A Index was down 170 points on Tuesday at 76.40 cents/lb. ICE cotton stocks were steady on April 15 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 65.8, up 72 points, Jul 25 Cotton is at 66.51, up 39 points, Dec 25 Cotton is at 67.87, up 27 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. |
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