Cotton futures fall 76–127 points in Monday morning trade
AI Market Summary
Cotton futures are weaker early Monday, extending Friday's declines despite a modest weekly gain in December. Positioning data shows managed money trimming net longs, signaling reduced speculative support. Export commitments exceed USDA's annual projection, but shipments lag last year's pace, tempering demand optimism. The Cotlook A Index continued to soften and ICE certified stocks were unchanged, pointing to steady available supply near-term.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT+1.47%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▼ Bearish
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Cotton futures were down 76–127 points in Monday morning trading after contracts fell 53–112 points in the prior session on Friday. The December contract still finished the week up 181 points. The Cotlook A Index slipped 100 points on Thursday to 88.75 cents, while accumulated export sales reached 12.032 million RB, or 102% of the USDA export projection. ICE certified cotton stocks were unchanged on July 30 at 90,699 bales.
