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Cotton Posting Friday Gains

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⚡ Quantum Brief
Cotton futures rose 25-35 points Friday, defying mixed broader markets as the US dollar hit a two-year high and crude oil climbed $1.16 per barrel. 2024/25 upland cotton shipments reached 1.858 million bales, 17% below last year and just 18% of USDA’s annual export target, lagging the typical 22% pace. Total commitments (shipped and unshipped) fell 16% year-over-year to 6.364 million bales, meeting only 60% of USDA’s forecast versus the 68% historical average. The Cotlook A Index gained 100 points to 80.70 cents/lb, while USDA’s Adjusted World Price dropped 229 points to 55.91 cents/lb, reflecting volatile pricing pressures. March, May, and July 2025 contracts closed higher at 70.75, 71.90, and 73.06 cents/lb, respectively, signaling cautious optimism amid weak export demand.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Cotton Posting Friday Gains November 24, 2024 — 09:17 pm EST Written by Austin Schroeder for Barchart-> Cotton futures are up 25 to 35 points so far on Friday. The outside markets are mixed, as the US dollar index is up 505 points and the highest 2 years. Crude oil futures are up $1.16/barrel.Export Sales data showed 2024/25 upland cotton shipments totaling 1.858 million RB for the marketing year, 17% below last year and just 18% of the full year USDA export forecast (22% normally). Commitments, including shipped and unshipped sales, are 6.364 million RB, a 16% drop from last year. That is 60% of USDA’s number, behind the 68% average export sales pace.The Seam reported 12,433 bales of online sales on November 21 at an average price of 69.57 cents/lb. ICE cotton stocks were unchanged again on Wednesday, at 13,274 bales of certified stocks. The Cotlook A Index was up 100 points on 11/21 at 80.70 cents/lb. The USDA Adjusted World Price (AWP) was lowered by 229 points on Thursday afternoon to 55.91 cents/lb. Mar 25 Cotton is at 70.75, up 32 points,May 25 Cotton is at 71.9, up 25 points,Jul 25 Cotton is at 73.06, up 26 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. More news from Barchart Do We Have to Wait Until Next Year for a Recovery in Wheat? Wheat: What's Bullish, What's Bearish and What To Watch Next Looking Beyond The Hype: What a Second Trump Term Could Mean For The Grain Markets What the Election Results May Mean for the Corn and Soybean Markets The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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