ICE cotton futures trade 34 to 63 points higher at Monday midday
AI Market Summary
ICE cotton futures were higher at midday, supported by a sharp increase in managed-money net longs (+10,578 to 49,684), signaling stronger speculative demand. Physical market indicators were mixed: The Seam showed moderate volume at 80.40c/lb while the Cotlook A Index slipped, and ICE certified stocks were unchanged. With crude oil also firmer and the dollar up, near-term cotton pricing is being driven primarily by positioning and futures momentum.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT+1.78%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▲ Bullish
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ICE cotton futures were higher across the board at Monday midday, with the front-month contracts up 34 to 63 points. In the latest reporting week, managed money lifted its net long by 10,578 contracts to 49,684. The Seam reported 2,299 bales sold on Friday at an average of 80.40 cents/lb. Other benchmarks were mixed, with the Cotlook A Index down 225 points to 88.40 cents on 7/17 and ICE certified stocks unchanged at 98,838 bales on July 17.
