Cotton prices showed mixed activity in Tuesday morning trading, with contracts ranging from up 24 points to down 14 points, following gains made on Monday. The US dollar index fell by $0.230 to $98.420, while crude oil rose by $1.42 after recent developments in US-Iran negotiations and comments from President Trump about Iran’s interest in reaching a deal.
The cotton market is influenced by both domestic progress and international events. According to the latest weekly NASS Crop Progress report released Monday, the US cotton crop was reported at 7% planted as of Sunday, which matches the average for this time of year.
Additional market data showed that The Seam reported sales of 3,340 bales on April 10 at an average price of 68.29 cents per pound. The Cotlook A Index increased by 170 points on April 10 to reach 84.25 cents per pound. ICE certified cotton stocks also rose by 4,360 bales on Friday, bringing total certified stocks to 144,211 bales. The Adjusted World Price climbed another 175 points last week to settle at 58.74 cents per pound.
Closing figures for key contracts included May cotton closing at 74.53 (up 131 points), July at 76.63 (up 130 points), and December at 77.81 (up 92 points). At the time of reporting Tuesday morning, May was up an additional 24 points, July up another16 points and December down by10 points.
In related agricultural news from northwest Ohio, Legacy Farmers Cooperative serves producers across ten counties through facilities such as grain centers and agronomy sites according to the official website. Structured as a member-owned cooperative with more than150 employees across its divisions,the organization supports community initiatives including youth agricultural education programs like4-HandFFA.Legacy Farmers Cooperative aims to exceed customer expectations while providing value and financial returns for its members.
