Cotton Higher So Far on Monday

Austin Schroeder Barchart Mon Oct 7, 12:06PM CDT
Cotton on dry branch by Marianne Krohn via Unsplash

Cotton futures are showing 40 to 43 point gains so far on Monday. The outside markets are supportive, with the crude oil trading up $2.73/barrel, and the US dollar index slipping 100 points lower.

Commitment of Traders data showed spec funds at a net short of just 12,147 contracts as of 10/1.

ICE cotton stocks were unchanged on October 4, leaving 265 bales of certified stocks. The Cotlook A Index was down 75 points on October 4 at 84.35 cents/lb. The USDA Adjusted World Price (AWP) was trimmed by 25 points on Thursday to 60.81 cents/lb and is good through this week.

Dec 24 Cotton  is at 73.67, up 40 points,

Mar 25 Cotton  is at 75.71, up 43 points,

May 25 Cotton  is at 76.94, up 42 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.