ICE cotton futures finish mixed as Oct 26 ends at 79.83 cents/lb
AI Market Summary
ICE cotton futures were mixed, reflecting offsetting forces: slightly weaker US crop conditions (good/excellent down to 44%) and a notable drop in ICE certified stocks, versus a firmer USD and subdued spot demand (light Seam volumes). A sharp crude oil rally on heightened US-Iran tensions adds cost and macro volatility, but the session's price action suggests limited immediate directional conviction in cotton.
Impact level
● Low
Affected assets
NCCOCOTTON2USD/USDT+0.63%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
● Neutral
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ICE cotton futures ended mixed on Monday, with the Oct 26 contract settling at 79.83 cents/lb, down 9 points, while Dec 26 fell 3 points and Mar 27 rose 2 points. U.S. crop progress data showed 60% of the cotton crop squared and 22% setting bolls, while the good/excellent rating slipped to 44%. ICE certified cotton stocks fell 31,480 bales to 127,127 bales. In broader markets, crude oil jumped $6.54 and the U.S. dollar index gained 0.325, while spot cotton trading was light and The Seam’s online sale averaged 76 cents/lb.
