Austin Schroeder – Barchart
Tue Mar 18,
Cotton futures closed the Tuesday session with contracts down 30 to 51 points. Crude oil futures were back down $0.88/barrel, with the US dollar index down $0.095 on the day.
S&P Global estimates the 2025 US cotton acres at 10.2 million acres, a 250,000 acres reduction from their January number and 1 million acres below last year’s total if realized. We will get the USDA’s official survey ideas in the March Intentions report at the end of the month.
The Monday online auction from The Seam showed 1,950 bales sold at an average price of 58.65 cents/lb.
The Cotlook A Index was back up 85 points on 3/17 at 79.25 cents/lb. ICE cotton stocks were steady again on March 17, with the current level of certified stocks at 14,488 bales. The USDA increased the weekly Adjusted World Price (AWP) by 188 points last Thursday to 53.76 cents/lb.
May 25 Cotton closed at 66.47, down 51 points, Jul 25 Cotton closed at 67.88, down 36 points, Dec 25 Cotton closed at 69.56, down 30 points. (Source: Barchart.com)