Cotton Holding Gains at Midday

Austin Schroeder Barchart Wed Oct 2, 12:04PM CDT
Cotton Grass Flower

Cotton futures are trading with 24 to 34 point gains so far on Wednesday. The dollar index is adding some pressure, up 409 points. Crude oil futures are up 33 cents/barrel, and backing off the early strength. 

The monthly Cotton Systems report from USDA showed 1,271 RB consumed domestically in the US in August, a 3-year high for the month. Stocks were down 1 RB from last month at 970 RB.

The Seam reported just 1,240 online cash cotton bale sales on Tuesday, averaging 72.66 cents/lb. ICE cotton stocks were unchanged on October 1, leaving 265 bales of certified stocks. The Cotlook A Index was up 85 points on October 1 at 85.25 cents/lb. The USDA Adjusted World Price (AWP) was raised by 223 points last Thursday to 61.06 cents/lb. It will be updated on Thursday.

Dec 24 Cotton  is at 73.33, up 24 points,

Mar 25 Cotton  is at 75.34, up 26 points,

May 25 Cotton  is at 76.53, up 25 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.