Cotton futures slip 20–25 points as Oct contract edges up to 80.08 cents
Cotton futures eased on Monday with most contracts down 20–25 points, despite a modest uptick in the thin October contract. A stronger USD and a sharp oil rebound on heightened US–Iran tensions add near-term macro headwinds and can weigh on risk appetite across ags. Physical indicators were mixed: minimal Seam auction volume, steady Cotlook A, and ICE certified stocks falling via decertification, offering limited support.
Affected assets
NCCOCOTTON2USD/USDT+0.60%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▼ Bearish
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Cotton futures were mostly lower on Monday, with contracts down 20 to 25 points, while the thinly traded October contract rose 16 points to 80.08 cents. ICE certified cotton stocks fell by 31,480 bales to 127,127 bales, and The Seam reported 131 bales sold online at an average of 76 cents. The Cotlook A Index was unchanged at 89.75 cents, while crude oil jumped $4.21 amid higher U.S.-Iran tensions and the U.S. dollar index rose $0.285.