Cotton Ends Monday Session Higher

Cotton Market Update

Cotton futures experienced increases ranging from 40 to 52 points on Monday. Meanwhile, crude oil prices dropped by $5.85, falling over $33 from their overnight peak. Late Monday, President Trump indicated that the ongoing conflict could soon be resolved, which contributed to further price movement. The US dollar index also slipped, ending the day down $0.244 at 98.735.

On March 6, The Seam reported sales of 848 bales, with an average price of 58.05 cents per pound. The Cotlook A Index declined by 10 points on Tuesday, settling at 74.65 cents. ICE certified cotton stocks remained unchanged on March 6, holding steady at 128,504 bales. Last Thursday, the Adjusted World Price was reduced by 40 points to 51.44 cents per pound.

Latest Insights from Barchart

Recent Cotton Futures Closings

• March 26 Cotton settled at 63.59, gaining 40 points.
• May 26 Cotton finished at 64.68, up 48 points.
• July 26 Cotton ended at 66.68, an increase of 52 points.