Cotton price action was mixed today. Nearby July was under pressure and posted the lowest close for the contract since April 7. The new crop months were staring at challenging US weather conditions and less inclined to discount prices. They were mostly up 3 to 7 points, with a thinly traded October contract up 94. WTI crude oil settled 14 cents lower at $75.00/barrel in the July futures contract but was 59 cents higher at $74.09 for August delivery amid Mideast concerns. The US dollar index was weaker, factoring in tariff and Middle East concerns. The September DX index futures settled 0.073 lower at 98.395.
Weekly Export Sales data showed 83,198 RB of cotton sold in the week ending on June 12 for the 2024/25 marketing year. That was 38.25% above the previous week’s USDA figure. Sales for 2025/26 totaled 274,891 RB, which was a marketing year high. Shipments for upland cotton were at 204,694 RB in that week, back down 13.36% from last week.
The Cotlook A Index was down 75 points on 6/19 at 77.75. ICE cotton stocks were UNCH on June 18, with a certified stocks level of 62,332 bales. USDA’s Adjusted World Price (AWP) was up 1 point on Thursday at 54.03 cents/lb. and is effective through next Thursday.
Jul 25 Cotton closed at 64.04, down 80 points,
Dec 25 Cotton closed at 66.7, up 3 points,
Mar 26 Cotton closed at 67.92, up 7 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. This article was originally published on Barchart.com
