Cotton Closes Mostly Higher on Monday

Austin Schroeder Barchart Mon Jun 9, 5:23PM CDT
Cotton on branches by Marina Fedorova via iStock

Cotton futures closed with gains of 14 to 37 points on Monday, with October down 54 points. Crude oil prices were up $0.80/barrel, with the US dollar index back down $0.152 to $98.990. 

USDA reported 76% of the US cotton crop planted as of Sunday, lagging the 80% average pace. The crop was 12% squared, matching the 5-year average. Conditions were steady at 49% gd/ex, with the Brugler500 index unchanged at 324.

The Cotlook A Index was back up 25 points on 6/6 at 77.75. ICE cotton stocks were down 174 bales on June 5 via decertification, with a certified stocks level of 51,965 bales. USDA’s Adjusted World Price (AWP) was back down 8 points last week at 53.76 cents/lb. 

Jul 25 Cotton  closed at 65.99, up 37 points,

Oct 25 Cotton  closed at 66.9, down 54 points,

Dec 25 Cotton  closed at 68.35, up 14 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.