Cotton futures closed Friday with losses of 32 to 67 points on the session, as December was own 237 points for the week. Crude oil was up 95 cents per barrel on the session, with the US dollar index $0.066 lower.
The large managed money speculators and cotton futures and options cut 10,276 contracts from their net long position as of October 27th. That took their net long position to 59,190 contracts as of Tuesday.
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USDA’s Export Sales data showed 5.665 million RB of cotton sold as of 10/22 for the 2026/27 marketing year, 16% ahead of last year. That is 49% of the USDA export projection and behind the 56% 5-year average pace.
The Seam reported just 418 bales sold on October 29, at an average of 71.62 cents/lb. The Cotlook A index was back up 15 points on 10/29 at 89.85. ICE certified cotton stocks back unchanged on Thursday, with the certified stocks level at 27,591 bales. The Adjusted World Price was down 50 points on Thursday to 64.51 cents/lb.
Dec 26 Cotton closed at 77.83, down 67 points,
Mar 27 Cotton closed at 81.59, down 66 points,
May 27 Cotton closed at 83.23, down 63 points
On the date of publication, Austin Schroeder did not directly have a position 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.
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