Cotton prices are back up 34 to 48 points early on Wednesday. Futures closed the Tuesday session with contracts down 79 to 112 points across the board. Crude oil is down $1.56 per barrel on the session, with the US dollar index $0.410 higher.

Crop Progress data tallied 89% of the US cotton crop with bolls opening as of 10/25, behind the 92% average pace. Harvest was 52% complete, 7 percentage points ahead of normal. Conditions slipped 2% to 33% gd/ex in the final rating for the year, as the Brugler500 index was down 3 points to 289.

The Seam reported just 61 bales sold on October 27, at an average of 65.15 cents/lb. The Cotlook A index was down 50 points on 10/26 at 91.95. ICE certified cotton stocks back down 1,074 bales on October 26, with the certified stocks level at 26,791 bales. The Adjusted World Price was up another 40 points last week to 65.01 cents/lb. 

Dec 26 Cotton  closed at 78.06, down 100 points, currently up 43 points

Mar 27 Cotton  closed at 81.82, down 104 points, currently up 39 points

May 27 Cotton  closed at 83.39, down 113 points, currently up 35 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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