Cotton futures surged on Thursday, with December contracts closing at 92.41 cents per pound, marking a gain of 320 points. Other contracts also saw significant increases, ranging from 304 to 329 points. In a related market, crude oil prices rose by $1.31 per barrel, while the US dollar index increased by $0.001.
During the week ending August 20, U.S. export sales for the 2026/27 cotton season totaled 95,726 running bales (RB), reflecting a 46.62% decrease from the same week last year. Leading buyers included Vietnam, with 19,000 RB purchased, and Guatemala, receiving 14,400 RB. Total shipments reached 181,025 RB, up 60.69% year-over-year, with Vietnam as the top destination at 47,900 RB.
The Seam reported sales of 96 bales at an average price of 80.26 cents per pound on Wednesday. The Cotlook A Index fell to 97.60 cents on August 26, while ICE certified cotton stocks remained at 66,327 bales. The Adjusted World Price increased by 190 points to reach 71.52 cents per pound.
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