Cotton Reversing for Thursday AM Gains

Austin Schroeder Barchart Thu Aug 29, 7:27AM CDT
Cotton field by William Dunn via iStock

Cotton futures are trading with 66 to 79 point gains so far on Thursday. They posted losses of 104 to 143 points across the nearbys on Wednesday. The dollar index is showing 520 point gains, at 100.975. Crude oil futures were down $1.15/barrel to add pressure via the synthetic market.

The Seam reported online cash sales of just 494 bales at an average price of 59.65 cents on Tuesday. ICE cotton stocks unchanged on August 27, leaving just 266 bales of cert stocks. The Cotlook A Index was back up 100 points on August 27 at 81.75 cents/lb. The USDA Average World Price (AWP) is 55.90 cents/lb for the week through Thursday, up 55 points from the week prior and will be updated later today.

Dec 24 Cotton  closed at 68.55, down 143 points, currently up 76 points

Mar 25 Cotton  closed at 70.2, down 138 points, currently up 72 points

May 25 Cotton  closed at 71.45, down 132 points, currently up 71 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.