Cotton futures experienced losses on Friday, with December contracts dropping 80 points. The dollar index fell by 91 points, while crude oil futures rose by 97 cents per barrel, providing some external support. The Commitment of Traders data from CFTC revealed that spec traders reduced their net short positions in cotton futures and options by 12,969 contracts, bringing the total to 17,549 contracts.
The Seam reported 868 online cash cotton bale sales on Thursday, averaging 67.83 cents per pound. ICE cotton stocks remained unchanged as of September 26, totaling 265 bales. The Cotlook A Index decreased by 90 points, settling at 84.90 cents per pound, while the USDA Adjusted World Price rose by 223 points to 61.06 cents per pound. Key closing prices for cotton futures included December 2024 at 72.72 cents, March 2025 at 74.52 cents, and May 2025 at 75.61 cents.
