Cotton Slipping Lower at Tuesday’s Midday

Austin Schroeder Barchart Tue Jan 14, 12:01PM CST
Cotton field with drones by DJI-Agras via Pixabay

Cotton futures are trading with 12 to 27 point losses so far on Tuesday.  The outside factors are mixed, as the US dollar index is down 552 points, with crude oil $1.05/barrel lower. 

CFTC Commitment of Traders data showed speculators in cotton futures and options trimming 340 contracts from their net short as of January 7 to 39,342 contracts.

The Seam reported 11,823 bales of online sales on January 11 at an average price of 51.92 cents/lb.  ICE cotton stocks were unchanged on Monday, at 20,113 bales of certified stocks. The Cotlook A Index was back down 150 points on 1/13 at 77.45 cents/lb. The USDA Adjusted World Price (AWP) was back down 37 points from the previous week last Thursday at 54.66 cents/lb.

Mar 25 Cotton  is at 67.52, down 12 points,

May 25 Cotton  is at 68.69, down 18 points,

Jul 25 Cotton  is at 69.66, down 27 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.