Cotton futures advanced 38 to 73 points across most contracts on Tuesday, with the July 2026 contract closing at 77.04, up 40 points, the December 2026 contract at 80.54, up 38 points, and the March 2027 contract at 81.72, up 40 points. The US Dollar Index rose 0.023 to 99.170, while crude oil prices edged $1.23 higher to $93.39 per barrel.
According to the weekly USDA NASS Crop Progress Report, 66% of the U.S. cotton crop had been planted by May 31, 1% below the historical average, with 7% of the crop squared—aligned with typical seasonal progression. The Seam reported Monday sales of 882 bales at an average of 75.79 cents per pound, while the Cotlook A Index climbed 60 points on June 1 to 86.25 cents. ICE-certified cotton stocks increased by 4,998 bales on June 1, reaching 242,911 bales.
The Adjusted World Price declined 519 points during the week, settling at 63.49 cents per pound.
Also Read
- Alphabet’s AI Infrastructure Push Sparks Investor Debate Over $85B Capital Raise
- UK’s Starmer mulls ‘political realities’ after Burnham by-election
- Starmer Weighs Political Calculations as PM Faces Intensifying Resignation Pressure
- How to Preserve a $750,000 Retirement Nest Egg: Strategic Withdrawal and Income Planning
