Cotton futures are trading 38 to 43 points higher at midday. December 2025 cotton is at 64.17 cents, up 43 points; March 2026 cotton is at 65.81 cents, up 39 points; and May 2026 cotton is at 67.03 cents, up 38 points.
Crude oil prices have increased by another $3.25 per barrel. This rise follows the imposition of additional U.S. sanctions on Russian oil companies and reports indicating that Chinese buyers are limiting their purchases.
The U.S. dollar index is also showing gains, up 0.152 to 98.825.
On the cotton front, the Wednesday online auction from The Seam reported 832 bales sold at an average price of 64.10 cents per pound. Meanwhile, the Cotlook A Index rose 25 points on October 22 to 75.85 cents.
ICE-certified cotton stocks remained steady on October 22, with the certified stocks level at 17,552 bales. However, the Average Wholesale Price (AWP) is still not being reported due to the ongoing government shutdown.
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*Disclaimer:* On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data provided here are for informational purposes only. For more details, please view the Barchart Disclosure Policy [here](https://www.barchart.com/disclosure). The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
https://www.nasdaq.com/articles/cotton-rallying-thursday-outside-support
