Cotton prices are trading with Monday morning gains of 21 to 25 points. Futures closed out the Friday session with contracts 4 to 14 points higher, with slight help coming from the outside markets. The US dollar index was down 83 points, with crude oil $0.78/barrel higher.
Export Sales data showed a total of 279,056 RB of upland cotton sold for 2024/25 shipment in the week ending on 12/19, which was up a 4-week high and up 43.18% from last week. Turkey importers were buying in bulk with sales of 108,700, as were Vietnam importers, purchasing 104,500 RB. Sales for 2025/26 were 29,480 RB. Shipments were a 3-week high of 140,484 RB, which was also 9.26% above the week prior. China was the top destination of 33,200 RB, with 31,900 RB headed to Pakistan.
The Seam reported 3,126 bales of online sales on December 26 at an average price of 59.37 cents/lb. ICE cotton stocks were unchanged on Thursday, at 20,113 bales of certified stocks. The Cotlook A Index was up 130 points on 12/24 at 79.60 cents/lb. The USDA Adjusted World Price (AWP) was cut by another 54 points last week to 54.55 cents/lb. It is good through this Thursday.
Mar 25 Cotton closed at 68.89, up 14 points, currently up 25 points
May 25 Cotton closed at 69.96, up 10 points, currently up 24 points
Jul 25 Cotton closed at 70.99, up 11 points, currently up 21 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. More news from BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
