Cotton Eased Lower into Labor Day Weekend

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Cotton futures posted front month losses of 12 to 94 points and deferreds up 2 to 68 points, as December fell 505 points on the week.  Crude oil was down 8 cents per barrel on the day, with the US dollar index up $0.240. The market will be closed on Monday for Labor Day.

CFTC data showed managed money closing in on a record net long in cotton futures and options as of Tuesday, raising the position by 12,135 contracts to 107,976 contracts. 

Export Sales has the total export business for 2026/27 upland cotton at 4.36 million RB, which is already up 19% from the same week last year. That is 38% of the USDA export projection and lags the 45% 5-year average. 

The Cotlook A index was down 250 points on Thursday at 98.25. ICE certified cotton stocks were unchanged on September 3, with the certified stocks level at 63,092 bales. The Adjusted World Price was raised by another 240 points on Thursday to 73.92 cents/lb.

Oct 26 Cotton  closed at 82.42, down 94 points,

Dec 26 Cotton  closed at 86.33, down 12 points,

Mar 27 Cotton  closed at 88.62, down 18 points

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