Cotton prices rose between 35 to 57 cents on Wednesday, following a decline of 105 to 145 points in futures on Tuesday. The US dollar index increased by $0.366, reaching $98.190, while crude oil prices surged $2.83, closing at $102.05.
The USDA Cotton Ginnings report indicated a total of 13.539 million running bales (RB) ginned for the 2025/26 crop, down 535,750 RB year-over-year. The monthly WASDE update projected a cotton yield of 852 lbs per acre and an output of 13.9 million bales for 2025/26, with old crop ending stocks at 4.4 million bales. New crop stocks for 2026/27 were estimated at 3.9 million bales, with initial production at 13.3 million bales.
On Monday, The Seam reported sales of 14,782 bales at an average price of 79.36 cents per pound, while the Cotlook A Index rose by 185 points to 94.65 cents. ICE certified cotton stocks amounted to 184,218 bales, with a rise of 1,997 bales noted on May 8. The Adjusted World Price also increased by 393 points, reaching 69.59 cents per pound.
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