Cotton Bulls Give-in on Monday

Austin Schroeder Barchart Mon Apr 28, 4:43PM CDT
Cotton on dry branch by Marianne Krohn via Unsplash

Cotton futures were weaker on Monday, with contracts down 47 to 125 points. The outside markets were mixed, with crude oil futures back down $1.14/barrel and the US dollar index down $0.574 to $98.680. 

NASS pegged the US cotton crop at 15% planted as of 4/27, now 1 percentage point faster than the 5-year average pace. 

The Seam reported 4,649 cash bales sold online on 4/25, at an average price of 64.17 cents/lb. The Cotlook A Index was up 25 points on Friday at 80.55 cents/lb. ICE cotton stocks were steady on April 25 with a certified stocks level of 14,478 bales. USDA’s Adjusted World Price (AWP) was up 145 points last Thursday to 54.88 cents/lb. 

May 25 Cotton  closed at 66.38, down 47 points,

Jul 25 Cotton  closed at 67.55, down 125 points,

Dec 25 Cotton  closed at 69.01, down 96 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.