Cotton futures are trading with midday gains of 40 to 46 points across the front months on Wednesday. Crude oil is up $1.68 per barrel on the session, with the US dollar index $0.626 higher.

The weekly Crop Progress report showed 82% of the US cotton crop with bolls opening as of Sunday. Harvest was tallied at 31%, running 2 percentage points ahead of normal. Texas was listed at 38% harvested, 4% ahead of normal. Condition ratings were pegged at 34% good/excellent, up 2 percentage points on the week. The Brugler500 index was back up 2 points to 292.

The Seam reported 675 bales sold on October 13, at an average of 74.80 cents/lb. The Cotlook A index was up 10 points on 10/14 at 91.25. ICE certified cotton stocks were steady on Tuesday, with the certified stocks level at 17,756 bales. The Adjusted World Price was down another 135 points last week to 63.81 cents/lb.

Dec 26 Cotton  is at 80.93, up 42 points,

Mar 27 Cotton  is at 84.29, up 46 points,

May 27 Cotton  is at 85.92, up 44 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.

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