Cotton Slips Lower on Wednesday

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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 Slips Lower on Wednesday January 08, 2025 — 08:14 pm EST Written by Austin Schroeder for Barchart-> Cottonfutures posted losses of 28 to 35 points on Wednesday. The outside factors were adding pressure, as the US dollar index was up 522 points, with crude oil $0.93/barrel lower. The weekly Export Sales report is delayed until Friday as the government offices will be closed Thursday for a National Day of Mourning for former President Carter’s funeral. Market hours should proceed as normal.The Seam reported 13,770 bales of online sales on January 7 at an average price of 61.88 cents/lb. ICE cotton stocks were unchanged on Tuesday, at 20,113 bales of certified stocks. The Cotlook A Index was back up 100 points on 1/7 at 79.05 cents/lb. The USDA Adjusted World Price (AWP) was up 48 points from the previous week last Thursday at 55.03 cents/lb.Mar 25 Cotton closed at 68.23, down 28 points,May 25 Cotton closed at 69.37, down 31 points,Jul 25 Cotton closed at 70.4, down 35 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 Grains and Oilseeds in Q4 and 2024- Where are they Heading in 2025? New Year, New Challenges: Taking A Look At What's Impacting Grain Prices Is Cotton Going Higher in 2025? Wrapping Up 2024 and Looking Ahead To What Will Matter In The Grain Markets For 2025 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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