Cotton futures edged higher Friday, climbing 17 points as traders digested mixed signals from energy markets. Dec 25 contract hit 61.85 (up 17pts), while Mar 26 sits at 63.76. Headwinds remain: crude slipped $1.21 to $57.79/barrel, and the Cotlook A Index fell 65 points to 74.00 cents. On the flip side, the 11/20 online auction cleared 4,173 bales at 62.69 cents/lb—solid bid underneath. ICE certified stocks holding steady at 20,344 bales. The Adjusted World Price dipped 103 points week-over-week to 50.80 cents/lb, now in effect through next Thursday. USD strength ($100.19) continues to cap upside, but support levels holding suggests buyers aren't panicking yet.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Cotton futures edged higher Friday, climbing 17 points as traders digested mixed signals from energy markets. Dec 25 contract hit 61.85 (up 17pts), while Mar 26 sits at 63.76. Headwinds remain: crude slipped $1.21 to $57.79/barrel, and the Cotlook A Index fell 65 points to 74.00 cents. On the flip side, the 11/20 online auction cleared 4,173 bales at 62.69 cents/lb—solid bid underneath. ICE certified stocks holding steady at 20,344 bales. The Adjusted World Price dipped 103 points week-over-week to 50.80 cents/lb, now in effect through next Thursday. USD strength ($100.19) continues to cap upside, but support levels holding suggests buyers aren't panicking yet.