Mixed Midday for Cotton Market

Alan Brugler Barchart Mon Mar 25, 12:25PM CDT
Cotton - amber-martin-9pvTSsNV2T4-unsplash

Old crop cotton futures are trading 51 to 68 points in the black. Nearby new crop futures are off 30 points off their lows, but are still down by 3 to 20 points starting the week. 

Analysts are looking for Thursday’s Planting Intentions report to show between 10.4m and 11.3m acres for 2024/25 cotton. The average 11.3m acre estimate would be a 1.1m acre increase from last year and is 300k acres over USDA’s Outlook Forum assumptions. 

USDA’s weekly Cotton Market review showed 3,612 bales were sold at spot for the week, averaging 87.14 cents/lb. The season’s total cash sales reached 796k bales vs 494k bales last year and 1.54m bales 2yr ago. The Cotlook A Index for 3/21 was 85 points lower to 97 cents flat. The AWP was revised 360 points lower to 72.50 cents per pound, in effect for farm program purposes through next Thursday. ICE certified stocks were shown at 41,756 bales as of 3/20.

May 24 Cotton  closed at 92.02, up 49 points,

Jul 24 Cotton  closed at 92.53, up 68 points,

Dec 24 Cotton  closed at 83.9, down 5 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.