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Oct 26 cotton rises 114 points to 80.97 cents/lb as ICE certified stocks fall to 121,258 bales

AI Market Summary
US cotton futures firmed despite a modest deterioration in crop conditions: good/excellent slipped to 44% and Texas ratings weakened, while squaring and boll-setting remain near seasonal norms. ICE certified stocks fell via decertification, tightening deliverable supply at the margin. Supportive macro inputs include higher crude oil and a slightly stronger dollar, leaving the near-term balance mixed for cotton pricing.
Impact level
● Low
Affected assets
NCCOCOTTON2USD/USDT-1.20%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
● Neutral
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U.S. cotton futures traded higher Tuesday, led by Oct 26 Cotton up 114 points to 80.97 cents/lb. USDA Crop Progress showed 22% of the crop setting bolls, in line with the 5-year average, while good/excellent ratings slipped to 44% and Texas ratings fell 7 points. ICE certified cotton stocks fell 5,842 bales to 121,258 bales. The Cotlook A Index held at 90.70 cents as the Adjusted World Price rose 92 points last week to 62.86 cents/lb.
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