Cotton futures closed with contracts 15 to 59 points lower, as December still managed a 20 point gain this week. Crude oil was up $3.97 per barrel on the session, with the US dollar index $0.153 higher.
The large managed money speculators and cotton futures and options added just 767 contracts to their net long position as of October 20th. That took their net long position to 66,466 contracts as of Tuesday.
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USDA’s Export Sales data has cotton export commitments at 5.449 million RB, which was 15% above last year. That is 47% of the USDA export projection for 2026/27 and lags the 54% pace.
The Seam reported 266 bales sold on October 22, at an average of 65.05 cents/lb. The Cotlook A index was up by 100 points on 10/22 at 92.75. ICE certified cotton stocks up 1,800 bales on Thursday, with the certified stocks level at 24,722 bales. The Adjusted World Price was up another 40 points on Thursday to 65.01 cents/lb.
Dec 26 Cotton closed at 80.2, down 59 points,
Mar 27 Cotton closed at 83.94, down 54 points,
May 27 Cotton closed at 85.61, down 54 points
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. For more information please view the Barchart Disclosure Policy here.