Cotton futures mixed on Friday, new crops are cautionary

Cotton price action was mixed today. Nearby July is under pressure, and we have posted the lowest contract range since April 7th. New crop month stared closely at the difficult weather conditions in the US and low discounted prices. They mainly rose 3-7 points, with thinly traded contracts in October up 94 points. WTI crude was 14 cents lower at $15.00/barrel on July futures contracts, but 59 cents higher at $74.09 on August delivery amid concerns. The US dollar index was weak and took into account tariffs and Middle Eastern concerns. DX Index futures in September settled 0.073 low at 98.395.

Weekly export sales data showed 83,198 RB cotton sold in the week ending June 12th of the 2024/25 Marketing year. This was 38.25% higher than the USDA figures last week. Sales totaled RB 274,891 on 2025/26, which was the highest in the marketing year. Highland cotton shipments fell 13.36% from last week at RB 204,694 that week.

The Cotlook A Index fell 75 points on 6/19 at 77.75. On June 18th, Ice Cotton Stock was UNCH and the certified stock level was 62,332 les. USDA’s adjusted global price (AWP) rose one point on Thursday at 54.03 cents/lb. It will be effective until next Thursday.

Cotton closed at 64.04 on July 25th, falling 80 points.

Cotton closed at 66.7 on December 25th, rising three points,

On March 26, cotton was closed at 67.92, gaining 7 points

On the date of publication, Austin Schroeder had no position (directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published barchart.com