Cotton futures ended mixed on Friday, with front months decreasing 51 to 60 points while deferred contracts rose by 8 to 11 points. The December contract closed the week with a gain of 156 points, while the October, December, and March contracts settled at 78.91, 82.71, and 85.49 cents per pound, respectively.
In related commodities, crude oil prices fell by $2.17 per barrel, and the US dollar index decreased by $0.253. USTR Greer is anticipated to release details on discussions between US and Chinese leaders next week. Additionally, the CFTC data revealed a reduction of 16,293 contracts from managed money’s net long position, now totaling 81,610 contracts.
USDA’s Export Sales report indicated export commitments at 4.735 million running bales, reflecting a 17% increase compared to last year. The Seam reported sales of 164 bales at an average price of 78.01 cents per pound, while ICE certified cotton stocks remained unchanged at 29,556 bales as of September 24. The Adjusted World Price fell by 283 points to 66.09 cents per pound on Thursday.
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