Cotton Mixed on Monday

Austin Schroeder Barchart Mon Dec 9, 12:12PM CST
Closeup of cotton plant via bobbycrim via Pixabay

Cotton futures are trading mixed at midday, with march up 2 points and other contracts down 4 to 8 points. The outside markets were supportive factors, with the US dollar index steady and crude oil back up $1.39/barrel lower.

Weekly Commitment of Traders data showed managed money trimming another 3,618 contracts from their net short in cotton futures and options as of 12/3. They took that net position to 16,383 contracts as of last Tuesday.

The Seam reported 1,251 bales of online sales on December 6 at an average price of 53.32 cents/lb. ICE cotton stocks 2,233 bales on Friday, at 16,696 bales of certified stocks. The Cotlook A Index was down 25 points on 12/6 at 81.35 cents/lb. The USDA Adjusted World Price (AWP) was raised by 21 points last week to 57.74 cents/lb.

Mar 25 Cotton  is at 70.13, up 2 points,

May 25 Cotton  is at 71.27, down 8 points,

Jul 25 Cotton  is at 72.37, down 4 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.