Cotton futures are experiencing losses on Friday, with contracts down 140 to 147 points at midday, despite a USDA report reducing U.S. cotton output to 13.2 million bales. This marks a decrease of 410,000 bales, with yield dropping to 776 lbs/acre, down 22 lbs from previous estimates.
According to the USDA, old crop U.S. cotton stocks were trimmed by 50,000 bales to 4.15 million bales, and new crop carryout decreased by 400,000 bales to 3.6 million bales. The latest NASS Cotton Ginnings report indicated that as of September 1, only 222,700 RB of cotton had been ginned, signifying a 34.2% decline from the previous year.
Export data revealed only 73,854 RB sold for the 2026/27 crop year in the week of September 3, nearly half of last year’s figures but an increase from the previous week. Meanwhile, shipments totaled 177,774 RB, up 36.53% year-on-year. As of September 10, the Adjusted World Price decreased to 69.51 cents/lb.
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