Cotton Futures Rebound Midday
As of midday on March 24, cotton futures have reversed earlier trends to post gains ranging between 30 and 35 points. This upward movement in the textile sector coincides with broader commodity strength; crude oil prices are currently up $5.09 for the day.
In currency markets, the US dollar index has gained ground, rising $0.685 to settle at $99.410.
Market Data and Inventory Levels
Recent trading data from March 23 highlights specific activity in the physical market:
- Seam Sales: The Seam recorded sales of 4,911 bales, with an average price of 66.47 cents per pound.
- Cotlook A Index: On Monday, this benchmark index fell by 40 points to close at 77.85 cents.
- Inventory Levels: ICE certified cotton stocks remained unchanged on March 23, holding steady at 115,640 bales.
- Adjusted World Price: Last Thursday, the Adjusted World Price was increased by 2.72 cents to reach 54.22 cents per pound.
Broader Commodity Context
While cotton finds support midday, other agricultural sectors face different pressures. Favorable crop outlooks in Brazil are currently weighing on coffee prices. Simultaneously, cocoa prices have fallen as markets anticipate a bumper harvest from West Africa.
Investors continue to monitor the complex interplay between geopolitical tensions, specifically regarding potential conflict with Iran, and its ripple effects on fuel, fertilizer, and food prices.
Disclosure
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.
Original source
Cotton Reverting Higher at Midday
Published: Mar 24, 2026
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