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Cotton Pushing Higher on Friday

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⚡ Quantum Brief
Cotton futures rose 29–35 points on Friday, October 18, 2024, with March 2025 contracts reaching 73.17 cents/lb, reflecting strong market momentum amid mixed broader commodity trends. Export sales surged 78.3% week-over-week to 159,769 running bales, led by Vietnam (47,700 RB) and Pakistan (45,600 RB), signaling recovering global demand despite weak shipments hitting a marketing-year low. The Cotlook A Index climbed 50 points to 82.80 cents/lb, while USDA’s Adjusted World Price dropped 117 points to 59.24 cents/lb, highlighting divergent regional pricing pressures. Online sales via The Seam averaged 68.67 cents/lb for 782 bales, with ICE certified stocks stagnant at 174 bales, indicating tight physical supply conditions. Crude oil fell $0.99/barrel and the US dollar index dropped 352 points, creating a supportive backdrop for cotton’s rally amid broader market volatility.
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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 Pushing Higher on Friday October 18, 2024 — 02:36 pm EDT Written by Austin Schroeder for Barchart-> Cotton futures are trading with 29 to 35 point gains so far on Friday. The outside markets are mixed, with crude oil down $0.99/barrel and the US dollar index 352 points lower.Export Sales data showed an improvement in bookings during the week of October 10 to 159,769 RB, a 78.3% hike from the week prior. Vietnam was the top buyer of 47,700 RB, with 45,600 RB sold to Pakistan. Export shipments were just 57,834 RB in that week, a MY low. Pakistan was the destination of 16,200 RB, with 10,600 RB to Mexico.The Seam reported 782 bales of online sales on October 16 at an average price of 68.67 cents/lb. ICE cotton stocks were unchanged on Tuesday, leaving 174 bales of certified stocks. The Cotlook A Index was up 50 points on October 16 at 82.80 cents/lb. The USDA Adjusted World Price (AWP) was trimmed by another 117 points on Thursday to 59.24 cents/lb. Mar 25 Cotton is at 73.17, up 32 points,May 25 Cotton is at 74.66, up 35 points,Jul 25 Cotton is at 75.62, up 36 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. 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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