
In my Q1 soft commodities report on Barchart, I wrote, “Cotton has been consolidating around the 80 cents level since reaching a low of 70.21 cents in October 2022, less than half the price at the March 2022 high.” Cotton futures for July delivery have not moved much since the end of Q1 2023, as the price hovers around the 80 cents per pound pivot point. The iPath Series B Cotton Subindex TR ETN (BAL) tracks ICE cotton futures prices.
Cotton is trading in a narrow range