Cotton Pushes Higher into Long Weekend

Austin Schroeder Barchart Tue May 27, 7:37AM CDT
Cotton on dry branch by Marianne Krohn via Unsplash

Cotton price action is 33 to 50 points higher on Tuesday morning. Futures closed out the week with Friday gains of 25 to 50 points, as July was up 122 points last week. Crude oil prices were up 51 cents on the day, with the US dollar index down $0.849 to $99.000.

Money Managers in cotton futures and options added back 10,951 contracts to their net short position as of May 20. That net short stood at 40,039 contracts by Tuesday.

The Seam reported 245 bales sold on 5/22 at an average price of 56.74 cents. The Cotlook A Index was unchanged on Tuesday at 78.25. ICE cotton stocks were up 2,444 on May 22 via new certification, with a certified stocks level of 42,240 bales. USDA’s Adjusted World Price (AWP) was down 38 points on Thursday afternoon at 53.52 cents/lb.

Jul 25 Cotton  closed at 66.11, up 48 points, currently up 49 points

Oct 25 Cotton  closed at 68.43, up 25 points, currently up 33 points

Dec 25 Cotton  closed at 68.63, up 37 points, currently up 46 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.