Cotton futures concluded the Thursday session with gains ranging from 2 to 60 points across near-term contracts. Crude oil prices rose $2.60 per barrel during the session, while the US dollar index strengthened by 0.163 points.
Market participants closely monitored the US-China meeting, though no trade-related statements were issued. Secretary Bessent confirmed this week that the two nations have extended their trade agreement for an additional two months.
USDA’s Export Sales report revealed 230,517 RB of cotton sales in the week ending September 17, marking a marketing year high. Mexico led as the top buyer with 69,800 RB, followed by Vietnam at 51,200 RB. For the 2027/28 marketing year, sales totaled 122,994 RB, with Mexico securing 120,000 RB. Shipments reached 164,704 RB, reflecting a rebound from the prior week and a 20.03% increase compared to the same period last year. Vietnam emerged as the primary destination at 49,000 RB, with India receiving 32,100 RB.
The Seam reported 753 bales sold on Wednesday at an average price of 77.45 cents/lb. The Cotlook A index gained 40 points on September 23 to 93.25. ICE certified cotton stocks remained unchanged on September 23 at 29,556 bales. The Adjusted World Price declined by 283 points last week, settling at 66.09 cents/lb.
October 26 Cotton closed at 79.51, up 60 points.
December 26 Cotton closed at 83.31, up 42 points.
March 27 Cotton closed at 86.06, up 41 points.
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