Cotton Extending Move Higher on Wednesday Morning

Cotton price action is up 4 to 26 points so far on Wednesday.  Futures posted gains of 44 to 103 points across the front months on the Tuesday session. The US dollar index was back down $0.041 to $98.545, as crude oil futures were another $1.15/barrel lower.

Cotton exports excluding linters during June totaled 1.008 million bales, a 22.03% improvement from last year but down 20.02% from May.

Arabica Coffee Prices Sharply Higher on Brazil Coffee Crop Concerns

Arabica Coffee Supported by Dry Conditions in Brazil

Can Sugar Break Out from Its Bearish Trend?

Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!

The weekly Crop Progress report from NASS showed conditions unchanged at 55% gd/ex, with the Brugler500 index steady at 345 despite some shifting. Ratings in TX were down 8 points with GA improving 8 points

The Cotlook A Index was down a penny at 77.50 cents on August 4. ICE cotton stocks were steady on 8/4, with the certified stocks level at 21,617 bales. USDA’s Adjusted World Price (AWP) was back down 43 points on last week at 54.52 cents/lb. It is good through Thursday.

Oct 25 Cotton  closed at 65.59, up 103 points, currently up 26 points

Dec 25 Cotton  closed at 67.11, up 47 points, currently up 4 points

Mar 26 Cotton  closed at 68.42, up 44 points currently up 9 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. This article was originally published on Barchart.com

Scroll to Top