Cotton Prices Rise on Monday Morning Amid Strong Export Sales
On August 31, cotton prices experienced a morning rally with gains of between 168 to 207 points. Despite closing the previous week lower by up to 114 points across various futures contracts, December cotton managed a weekly gain of 303 points. Managed money investors increased their net long position in cotton futures and options by adding 17,173 contracts during the week ending August 25, bringing the total net long to 95,841 contracts. Export sales for the 2026/27 season reached 4.332 million running bales (RB), a year-over-year increase of 27%. This level accounts for 38% of USDA's export projection and is ahead of last year’s pace but below the five-year average. The Cotlook A Index rose to 98.30 cents per pound, while ICE certified cotton stocks remained unchanged at 66,327 bales.
Topics: cotton futures trading market trends