Cotton futures posted Tuesday weakness, closing 44 to 56 points lower. Crude oil futures were down $2.48/barrel, falling to a 4-year low and the lowest close since April 2021. The US dollar index was back down $0.247 on the day.

The addition 50% tariffs on China are set to go into effect tomorrow April 9, taking the new total to 104% on all Chinese goods.

There were just 539 cash bales sold on The Seam on 4/7 at an average price of 63.34 cents/lb. The Cotlook A Index was back down 145 points on Monday at 75.25 cents/lb. ICE cotton stocks were steady on April 7, with the current level of certified stocks at 14,488 bales. USDA’s Adjusted World Price (AWP) was back up 158 points last week to 55.22 cents/lb.

May 25 Cotton  closed at 65.55, down 44 points,

Jul 25 Cotton  closed at 66.33, down 56 points,

Dec 25 Cotton  closed at 67.75, down 48 points

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