Cotton Holds onto Gains on Wednesday

Austin Schroeder Barchart Wed Sep 10, 4:51PM CDT
Rolls of cotton thread by Marina Ermakova via Unsplash

Cotton futures posted 21 to 22 nearby gains on Wednesday, with October up 91 points on low volume. The US dollar index is down $0.037 on the day to $97.725 with crude oil futures $1.12 higher. 

The Seam reported 2,486 bales sold on Tuesday at an average price of 62.21 cents/lb. The Cotlook A Index was up 25 points at 77.65 cents on September 9. ICE cotton stocks were steady on 9/9, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 63 points last week at 54.31 cents/lb. It is good through Thursday.

Oct 25 Cotton  closed at 65.56, up 91 points,

Dec 25 Cotton  closed at 66.67, up 21 points,

Mar 26 Cotton  closed at 68.59, up 22 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.