Cotton futures saw a midday increase of 40 to 45 points on Tuesday, while crude oil futures climbed by 15 cents, reaching $58.16 per barrel. The US dollar index decreased by $0.194 to stand at 97.760.
In the latest Export Sales report, 304,689 running bales (RB) of cotton were sold in the week ending December 11, marking a marketing year high and the largest sales volume since February. Cotton shipments during the same period rose to 134,371 RB, the highest in five weeks. Additionally, online auction results indicated sales of 12,794 bales at an average price of 59.15 cents per pound. ICE certified cotton stocks decreased by 796 bales, bringing the total to 11,600 bales.
Key cotton futures for March, May, and July 2026 are trading at 64.01, 65.18, and 66.27 cents per pound, respectively, all showing an increase of up to 42 points.
