Cotton futures saw buying extend into the close, as contracts were up 72 to 108 points on Wednesday. Crude oil futures closed the day up $3.14/barrel, after rallying off of the lowest level since February 2021 overnight. The US dollar index was steady on the day.

Late on the Wednesday session, President Trump announced that there would be a 90-day tariff pause on the targeted countries with the exception being China. The blanket 10% tariff were left on for all countries. The new tariffs on China were raised to 125% on all imports from the country.

The Cotlook A Index was back up 270 points on Tuesday at 77.95 cents/lb. ICE cotton stocks were steady on April 8, 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 66.63, up 108 points,

Jul 25 Cotton  closed at 67.31, up 98 points,

Dec 25 Cotton  closed at 68.47, up 72 points

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