Cotton Losses Continuing at Midweek

Austin Schroeder Barchart Wed Jul 30, 12:27PM CDT
Cotton field with closeup by Trisha Downing via Unsplash

Cotton futures are feeling more pressure so far on Wednesday, down 29 to 52 points at midday. Pressure is coming from a $0.588 gain in the US dollar index to $99.235. Crude oil futures are 98 cents/barrel higher. 

On Wednesday morning, President Trump posted that tariffs on India will rise to 25% on August 1, citing the trade deficit and their buying of Russian crude oil.

The Seam showed sales of 309 bales on Tuesday, with an average price of 60.29 cents/lb. The Cotlook A Index was up 10 points at 78.80 cents on July 29. ICE cotton stocks were steady on 7/29, with the certified stocks level at 21,617 bales. USDA’s Adjusted World Price (AWP) was up 23 points last week at 54.95 cents/lb. It is good through this Thursday.

Oct 25 Cotton  is at 65.78, down 52 points,

Dec 25 Cotton  is at 67.4, down 27 points,

Mar 26 Cotton  is at 68.76, down 29 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.