Cotton Heads Lower on Wednesday

Alan Brugler Barchart Wed Aug 14, 5:05PM CDT
Rolls of cotton fabric by hanohiki via iStock

Cotton prices ended the Wednesday session with contracts down 78 to 98 points. The US dollar index was up 65 points, with crude oil down $1.16 per barrel. CPI data was released this morning showing July CPI up 0.2% from June, in line with estimates, and up 2.9% on an annualized rate vs 3% estimates. Core CPI was up 3.2% yr/yr.

The Seam reported 703 bales of cotton sold in their online auction with prices averaging 65.70 cents/lb, up 55 points from the previous day. ICE cotton stocks were down 270 bales via decertification on August 13, leaving 15,526 bales of cert stocks. The Cotlook A Index was up 75 points on August 13 to 80.45 cents/lb. The USDA Average World Price (AWP) is 55.24 cents/lb and is good through this Thursday.

Dec 24 Cotton  closed at 67.05, down 94 points,

Mar 25 Cotton  closed at 68.65, down 92 points,

May 25 Cotton  closed at 70.01, down 90 points


On the date of publication, Alan Brugler 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.