Cotton futures are trading with contracts 1 to 15 points lower across the front months on Friday. Crude oil is down 57 cents per barrel on the session, with the US dollar index $0.699 higher.

USDA’s Export Sales data has total cotton export commitments at 5.942 million RB as of October 29, which was up 20% from last year. That is 51% of the USDA export projection and lags the 58% 5-year average pace. 

The Seam reported 2,010 bales sold on November 5, at an average of 73.10 cents/lb. The Cotlook A index was up 100 points on 11/5 at 89.90. ICE certified cotton stocks were up 458 bales on Thursday, with the certified stocks level at 67,174 bales. The Adjusted World Price was down 94 points last week to 63.57 cents/lb. 

Dec 26 Cotton  is at 78.7, down 1 point,

Mar 27 Cotton  is at 82.42, down 13 points,

May 27 Cotton  is at 83.94, down 12 points

On the date of publication, Austin Schroeder did not directly have a position 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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