Cotton Holding Higher on Tuesday

Austin Schroeder Barchart Tue Jul 15, 12:18PM CDT
Cotton field with drones by DJI-Agras via Pixabay

Cotton futures are showing 40 to 81 point gains across most contracts on Tuesday. Crude oil is down $0.69/barrel at $66.29, with the US dollar index $0.597 higher to $98.360. 

Weekly Crop Progress data showed a total of 61% of the US cotton crop squaring, with 23% setting bolls. Condition ratings were up 2% to 54% gd/ex, as the Brugler500 index was up 3 points to 339.

The Cotlook A Index was down 15 points on 7/10 at 78.05. ICE cotton stocks were down 275 bales on July 14 via decertification, with the certified stocks level at 34,234 bales. USDA’s Adjusted World Price (AWP) was back down 63 points on Thursday afternoon at 54.71 cents/lb. 

Oct 25 Cotton  is at 67.22, up 81 points,

Dec 25 Cotton  is at 68.65, up 53 points,

Mar 26 Cotton  is at 69.84, 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.