Cotton futures experienced modest increases on Friday, with prices rising 1 to 7 points in the front months. Notably, December futures gained 355 points over the past week. Managed money amplified their position, adding 5,798 contracts to their net long in cotton futures and options, increasing the total to 78,668 contracts as of August 18.
Export commitments for the 2026/27 cotton season reached 4.235 million running bales (RB), a 31% increase from the previous year and representing 37% of the USDA’s export projection. In related data, the Cotlook A Index rose by 300 points to 98.90 cents, while ICE certified cotton stocks remained steady at 70,643 bales. The Adjusted World Price increased by 143 points to 69.62 cents per pound.
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