Cotton Heading Lower with Stocks Increase

Austin Schroeder Barchart Tue Dec 10, 12:02PM CST
Cotton plant closeup by Esin Deniz via iStock

Cotton futures are trading with losses of 62 to 68 points at midday. The outside markets are mixed factors, with the US dollar index up 365 points and crude oil back $0.45/barrel higher.

USDA’s update to the balance sheet showed a 3 lb increase to yield at 792 lb, with production up 70,000 bales to 14.255 million bales. That helped to increase the 24/25 carryout 100,000 bales higher to 4.4 million. Cotton Ginnings data showed another 2.825 million RB of cotton ginned in the last two week of November, taking the total to 9.678 million RB by 12/1. That is up 15% form the same point last year.

The Seam reported 5,851 bales of online sales on December 9 at an average price of 66.42 cents/lb. ICE cotton stocks 1,236 bales on Monday, at 17,932 bales of certified stocks. The Cotlook A Index was down 100 points on 12/6 at 80.35 cents/lb. The USDA Adjusted World Price (AWP) was raised by 21 points last week to 57.74 cents/lb.

Mar 25 Cotton  is at 69.33, down 62 points,

May 25 Cotton  is at 70.56, down 63 points,

Jul 25 Cotton  is at 71.57, down 68 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.