Cotton Prices Rise Amid Strong New Crop Sales
On Thursday, cotton futures experienced a rally with contracts up between 125 to 188 points by midday. While export sales for the current marketing year reached a low of 29,719 running bales (RB), new crop business saw strong performance at 352,447 RB—a marketing-year high. Shipments totaled 233,795 RB during the week ending July 23. The Cotlook A Index declined by 35 points to 89.75 cents on July 29, while ICE certified cotton stocks remained unchanged at 90,699 bales. The Adjusted World Price was reduced last week but is expected to be updated later in the day. Cotton contracts for October 2026 rose by 188 points to $79.9 per pound, December 2026 increased by 136 points to $80.89, and March 2027 climbed by 126 points to $82.4.
Topics: cotton export sales data futures trading