Cotton futures are trading with midday losses of 65 to 76 points across most contracts.
Crude oil futures were up 19 cents per barrel, reaching $60.69, while the US dollar index climbed $0.298 to $99.320.
In a recent post, President Trump stated that China is set to purchase massive amounts of other agricultural goods, although no specifics were provided regarding cotton. Tariffs on US agricultural products are expected to be lifted, which could impact trade positively.
The Wednesday online auction from The Seam showed 8,719 bales sold at an average price of 60.14 cents per pound. Meanwhile, the Cotlook A Index rose by 45 points on October 29, reaching 76.40 cents.
ICE certified cotton stocks remained steady on October 29, with the certified stock level at 18,052 bales.
Looking at specific cotton contract prices:
– December 2025 Cotton is at 65.25 cents, down 76 points
– March 2026 Cotton is at 66.82 cents, down 69 points
– May 2026 Cotton is at 68.03 cents, down 68 points
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*On the date of publication, Austin Schroeder did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data are provided solely for informational purposes. For more details, please view the Barchart Disclosure Policy.*
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*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cotton-reverting-lower-thursday
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