Cotton Prices Rise on Monday

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Cotton futures rose on Monday, with contracts increasing between 26 to 38 points. The supportive outside markets included crude oil, which closed up $2.91 per barrel, while the US dollar index fell by 15 points.

The USDA’s weekly Crop Progress report revealed that 82% of the US cotton crop has bolls open, with 26% of the harvest completed, above the 22% average. Cotton condition ratings decreased by 2% to 29% good/excellent, contributing to a 2-point rise in the Brugler500 index, now at 283. As of October 4, ICE cotton stocks remained unchanged at 265 certified bales, and the Cotlook A Index was down 75 points at 84.35 cents/lb. The USDA Adjusted World Price was reduced by 25 points to 60.81 cents/lb for this week.

Closing prices for cotton futures included December 2024 at 73.53 (+26 points), March 2025 at 75.62 (+34 points), and May 2025 at 76.9 (+38 points).

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