Cotton Futures Decline Amid Mixed Market Conditions
On Wednesday, cotton futures fell as contracts dropped between 67 to 119 points. The decline occurred despite a rise in crude oil prices and an unchanged U.S. Federal Reserve interest rate decision. Dry weather forecasts for Texas contrasted with wetter conditions expected in the delta region, potentially affecting supply dynamics. The Cotlook A Index rose by 100 points to 90.10 cents on July 28, while ICE certified cotton stocks remained unchanged at 90,699 bales as of Tuesday. The Adjusted World Price was reduced last week to 63.82 cents per pound and remains valid through Thursday. Key contract prices for October 2026 closed at 78.02 (down 119 points), December 2026 at 79.53 (down 100 points), and March 2027 at 81.14 (down 97 points). The article also notes broader market trends, including a retreat in coffee prices due to weakness in the Brazilian real.
Topics: cotton futures market_movement