Cotton Facing Pressure at Midday

Austin Schroeder Barchart Tue Apr 29, 12:27PM CDT
Cotton plant closeup by Esin Deniz via iStock

Cotton futures are showing losses across most contracts on Tuesday, with losses of 95 to 130 points. The outside markets are a pressure factor, with crude oil futures back down $1.62/barrel and the US dollar index down $0.131 to $98.920. 

NASS pegged the US cotton crop at 15% planted as of 4/27, now 1 percentage point faster than the 5-year average pace. 

The Cotlook A Index was back down 40 points on Friday at 80.15 cents/lb. ICE cotton stocks were steady on April 25 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was up 145 points last Thursday to 54.88 cents/lb. 

May 25 Cotton  is at 66.25, down 13 points,

Jul 25 Cotton  is at 66.2, down 135 points,

Dec 25 Cotton  is at 68.04, down 97 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.