Cotton Weaker at Friday’s Midday

Austin Schroeder Barchart Fri Mar 28, 12:24PM CDT
Cotton yarn via Kelly Sikkema via Unsplash

Cotton futures are trading with 21 to 32 point losses on Friday’s midday. Crude oil futures are down 54 cents/barrel, as the US dollar index $0.282 lower on the day. 

USDA Export Sales data has commitments for upland cotton at 10.309 million RB, which lags last year by 5%. That is now 100% of the USDA export forecast for 2024/25, slightly behind the 101% average.  

Analysts surveyed by Bloomberg estimate next Monday’s Prospective Planting report to show 9.9 million cotton acres. The range is from 8.8 to 10.5 million acres. 

The Seam showed 9,181 bales in online sales on March 27 at an average price of 60.15 cents/lb. The Cotlook A Index was back up 50 points on Wednesday at 77.90 cents/lb. ICE cotton stocks were unchanged on 3/27, with the current level of certified stocks at 14,488 bales. USDA’s Adjusted World Price (AWP) was back down 97 points in on Thursday afternoon report to 53.66 cents/lb. 

May 25 Cotton  is at 66.8, down 27 points,

Jul 25 Cotton  is at 68.02, down 32 points,

Dec 25 Cotton  is at 70.08, down 21 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.