Cotton Higher on Friday

Austin Schroeder Barchart Fri Feb 14, 12:29PM CST
Green cotton boll via shutterstock

Cotton futures are up 19 to 22 points in the nearbys so far on Friday. Crude oil futures are down 58 cents/barrel higher on the day, with the US dollar index $0.646 lower. The markets will be closed on Monday for President’s Day, with a normal open for the Tuesday session.

Export Sales data has total cotton export commitments for the year to 9.131 million RB, which is 89% of USDA’s export forecast, with the normal pace at 90%.

The Cotlook A Index was up another 25 points on February 12 at 79.10 cents/lb. The Seam reported 4,022 bales of online sales on Thursday at an average price of 64.73 cents/lb. ICE cotton stocks were steady again on 2/13 at 218 bales of certified stocks. The USDA raised their Adjusted World Price (AWP) by 81 points at 53.99 cents/lb on Thursday afternoon.

Mar 25 Cotton  is at 67.02, up 19 points,

May 25 Cotton  is at 68.2, up 22 points,

Jul 25 Cotton  is at 69.08, up 20 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.