Cotton futures closed out Friday with contracts down 14 to 226 contracts across the board, led by the front months. Outside pressure and a risk off approach into the weekend led the bears. December was down 27 points on the week. Crude oil was back down $2.49 per barrel on the session, with the US dollar index up $0.038.
USDA’s Crop Production report showed yield down 22 lbs to 776 lbs/acre, as production was cut by 410,000 bales to 13.2 million bales. Monthly WASDE data showed old crop US cotton stocks trimmed 50,000 bales to 4.15 million bales. New crop carryout was down 400,000 bales to 3.6 million bales due to the production changes and carryover.
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This month’s NASS Cotton Ginnings report showed 222,700 RB of cotton ginned by September 1, which was 34.2% below the same time last year.
CFTF Commitment of Traders data showed managed money cutting 7,806 contracts from their net long position as of Tuesday, taking it to 100,170 contracts.
Export Sales was delayed this week but showed a total of just 73,854 RB in 2026/27 sales in the week of 9/3. That was nearly half of what it was last year but well above last week. New crop 2027/28 sales came in at 2,454 RB. Shipments totaled 177,774 RB in that week, which was 36.53% above the same week last year.
The Seam reported sales on 419 bales on 9/10 at an average price of 84.65 cents/lb. The Cotlook A index was up 110 points on Thursday at 97.20. ICE certified cotton stocks were down 8,789 bales on September 10, with the certified stocks level at 41,626 bales. The Adjusted World Price was back down 441 points on Thursday afternoon to 69.51 cents/lb.
Oct 26 Cotton closed at 82.38, down 226 points,
Dec 26 Cotton closed at 86.06, down 216 points,
Mar 27 Cotton closed at 88.56, down 210 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
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