Cotton Drops Sharply on Monday
Cotton Market Update: Prices Retreat on Monday
On Monday, cotton futures experienced a decline, dropping between 67 and 85 points across most contracts. Meanwhile, crude oil futures slipped by 24 cents per barrel, settling at $60.83. The US dollar index also weakened, falling by $0.539 to reach 96.865.
According to USDA Export Sales figures as of January 15, cotton commitments totaled 7.35 million running bales, which is 13% less than the same period last year. This represents 64% of the USDA's annual forecast, significantly lagging behind the typical average of 81% for this time of year.
Latest Headlines from Barchart
The Seam's online auction last Friday reported sales at 57.99 cents per pound for 5,645 bales. On January 23, the Cotlook A Index dropped by 50 points to 74.05 cents. ICE certified cotton stocks decreased by 510 bales on the same day, bringing the total to 9,912 bales. The Adjusted World Price was revised to 50.99 cents per pound last week, marking an 18-point decrease from the previous week.
Recent Cotton Futures Settlements
- March 2026 Cotton closed at 62.97, down 84 points
- May 2026 Cotton finished at 64.68, down 80 points
- July 2026 Cotton settled at 66.3, down 67 points
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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