Cotton futures advanced across the board on Monday, with most contracts gaining 35 to 56 points. The rally came despite declines in key outside markets: crude oil fell $3.72 following a weekend peace agreement between the U.S. and Iran set for formal signing Friday, while the U.S. dollar index slipped $0.285 to 99.460.
USDA’s Monday afternoon Crop Progress report showed 86% of the U.S. cotton crop planted as of Sunday, 2% behind the five-year average. Squaring reached 19%, running 2% ahead of normal. Crop conditions were rated 51% good-to-excellent, down two percentage points from the previous week. The Brugler500 index rose one point to 346 as 3% of the crop shifted from very poor to fair condition.
The Cotlook A Index rebounded 110 points Thursday to 84.75 cents. ICE certified stocks held steady at 192,699 bales as of June 12. The Adjusted World Price declined another 194 points last week to 61.26 cents per pound.
July 2026 cotton settled at 73.43 cents, up 49 points. December 2026 cotton closed at 76.81 cents, up 39 points. March 2027 cotton finished at 78.12 cents, up 48 points.
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