Cotton futures saw gains between 1 to 24 points on Friday, but May contracts remained down 141 points for the week. Crude oil prices increased by $10.22 to $91.23, while the US dollar index fell by $0.409 to $98.900.
As of February 26, USDA Export Sales data revealed total commitments of 8.904 million RB of 2025/26 cotton, which is 79% of the USDA’s export estimate but below the average sales pace of 92%. In terms of export shipments, they stand at 41% of USDA’s target, which is also below the average pace of 47%.
On March 3, the CFTC reported a rise in managed money net short positions in cotton futures and options by 7,569 contracts, bringing the total to 72,937 contracts. Meanwhile, the Adjusted World Price fell by 40 points to 51.44 cents/lb as of Thursday.
