Cotton Close Monday with Mixed Trade

Austin Schroeder Barchart Mon Nov 4, 4:41PM CST
Cotton on branches by Marina Fedorova via iStock

Cotton futures were mixed on Monday with nearby contracts down 1 to 24 points and other contracts up 2 to 23 points. The outside markets were supportive, with crude oil up $2.20/barrel and the US dollar index 398 points lower.

Crop Progress data from NASS showed the US cotton harvest at 63% complete as of November 3, which is now 9% faster than the 5-year average pace.

The Seam reported 3,799 bales of online sales on November 1 at an average price of 68.44 cents/lb. ICE cotton stocks were unchanged on Friday, leaving 174 bales of certified stocks. The Cotlook A Index was down 35 points on 11/1 at 81.70 cents/lb. The USDA Adjusted World Price (AWP) was down 74 points to 58.54 cents/lb per last Thursday afternoon’s update.

Mar 25 Cotton  closed at 72.27, down 6 points,

May 25 Cotton  closed at 73.76, down 7 points,

Jul 25 Cotton  closed at 75.03, down 1 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.