Cotton Futures Decline Amid Weekly Weakness
Cotton futures are experiencing a decline at the end of the week, with front-month contracts falling between 100 to 111 points. Despite this weakness in cotton prices, crude oil is rising by 4 cents per barrel and the US dollar index has increased $0.533. Export commitments for the 2026/27 season stand at 4.332 million running bales (RB), up 27% year-over-year but still below a five-year average. Recent sales data from The Seam reported Thursday's sale of 2,212 bales at an average price of 87.19 cents per pound. Meanwhile, the Cotlook A Index rose by 70 points to 98.30 cents on August 27. ICE certified cotton stocks remained unchanged at 66,327 bales as of that date. The Adjusted World Price for cotton was raised another 190 points to 71.52 cents per pound on Thursday.
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