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Cotton futures rise 20 to 33 points in Monday session

AI Market Summary
Cotton futures are modestly higher intraday, supported by positioning as managed money increased net longs by 5,798 contracts to 78,668. Fundamentals are mixed: ICE certified stocks fell to 68,894 bales and the Adjusted World Price rose, while the Cotlook A Index eased to 98.20 cents. Macro inputs are slightly adverse with a firmer USD and weaker crude, potentially tempering follow-through.
Impact level
● Low
Affected assets
NCCOCOTTON2USD/USDT+0.57%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
● Neutral
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Cotton futures were up 20 to 33 points in Monday trading. For the week ending August 18, managed money added 5,798 contracts to its net long in cotton futures and options, bringing the position to 78,668 contracts. The Cotlook A Index fell 70 points on Friday to 98.20 cents, while ICE certified cotton stocks dropped 1,749 bales on August 21 to 68,894 bales. Crude oil was down $2.03 and the U.S. dollar index was up 0.176.
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