Cotton futures rebound as front month gains 116–130 points and managed money net longs hit 78,870
AI Market Summary
Cotton futures strengthened into the weekend, supported by firmer crude, a softer USD, tightening ICE certified stocks, and an increase in the Adjusted World Price. Positioning data shows managed money extending net longs to a two-year high, reinforcing risk-on sentiment in the complex. Export sales remain ahead of USDA's projection, with new-crop business materially above last year, underscoring resilient demand.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT+1.65%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▲ Bullish
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Cotton futures rebounded on Friday, with the front-month contract closing up 116 to 130 points, while the December contract was up 40 points on the week. Managed money lifted its net long by 10,591 contracts to 78,870, the largest in more than two years. Accumulated 2025/26 export sales reached 11.977 million RB, or 107% of the USDA export projection, and new-crop business at 4.026 million RB was 25% above the same period last year. The Cotlook A Index held at 94.95 cents, ICE certified stocks fell 1,779 bales, and the Adjusted World Price rose 190 points to 68.19 cents/lb, with higher crude oil and a weaker U.S. dollar adding support.
