Cotton futures surged on Friday, with contracts rising by 89 to 199 points. The July contract increased by 483 points for the week, while December rose by 398 points. The U.S. dollar index stood at $98.065, up by $0.146, and crude oil prices fell to $102.50, down $2.57.
As of April 28, managed money added 3,891 contracts to their net long position in cotton futures and options, bringing the total to 38,355 contracts. Export sales data indicated export commitments at 10.691 million running bales (RB), 2% lower than the previous year and comprising 95% of the USDA’s export projection.
On April 30, 5,415 bales were sold at an average price of 73.63 cents per pound, while ICE certified cotton stocks increased by 1,585 bales, totaling 167,266 bales. The Adjusted World Price rose by 40 points to 65.66 cents per pound. Prices for May, July, and December 2026 cotton closed at 81.85, 84.19, and 84.56 cents per pound, respectively.
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